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        Case ID :
        Companies Law

        Amendment to the Notification No. G.S.R. 555(E) dated 26.07.2001. Subject to conditions and to prescribe fees on applications - G.S.R. 775(E) - Companies Law

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        Interest cap for NBFC deposits tied to reserve bank maximum, restricting interest on fixed and recurring deposits. The Central Government amends the earlier notification to substitute Item (B) in clause (f)(i), prescribing that Non-Banking Financial Companies may offer interest on fixed and recurring deposits only at rates not exceeding the maximum rate prescribed by the Reserve Bank of India for NBFC public deposits.
                          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.

                                Interest cap for NBFC deposits tied to reserve bank maximum, restricting interest on fixed and recurring deposits.

                                The Central Government amends the earlier notification to substitute Item (B) in clause (f)(i), prescribing that Non-Banking Financial Companies may offer interest on fixed and recurring deposits only at rates not exceeding the maximum rate prescribed by the Reserve Bank of India for NBFC public deposits.


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