Exemption from deposit provisions for eligible non banking companies issuing commercial paper, subject to RBI conditions and disclosure. The Central Government exempts non banking companies that satisfy the RBI's eligibility criteria in the 1989 Directions from the provisions of sub sections (1) to (7) of section 58A in respect of deposits received by issue of commercial paper, subject to compliance with RBI terms and conditions for issuance and mandatory annual account disclosure of the maximum amount raised during the year and the amount outstanding at year end.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption from deposit provisions for eligible non banking companies issuing commercial paper, subject to RBI conditions and disclosure.
The Central Government exempts non banking companies that satisfy the RBI's eligibility criteria in the 1989 Directions from the provisions of sub sections (1) to (7) of section 58A in respect of deposits received by issue of commercial paper, subject to compliance with RBI terms and conditions for issuance and mandatory annual account disclosure of the maximum amount raised during the year and the amount outstanding at year end.
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