https://www.taxtmi.com/caselaws?id=103038 Section 45K(3) was construed as conferring a wide regulatory power over matters relating to or connected with the receipt of deposits, including ancillary authority to prevent evasion of the deposit-control scheme. Paragraph 4A, which stopped residuary non-banking companies from disguising instalment components as processing or maintenance charges, was therefore held intra vires. The measure was also found consistent with Articles 14 and 19(1)(g) because it had a rational depositor-protection objective, imposed a uniform and reasonable regulatory ceiling, and was not shown to be arbitrary or discriminatory. The amendment introducing Paragraph 4A was upheld. en-us Thu, 04 Jan 1996 00:00:00 +0530 Tue, 17 Nov 2015 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103038 Section 45K(3) was construed as conferring a wide regulatory power over matters relating to or connected with the receipt of deposits, including ancillary authority to prevent evasion of the deposit-control scheme. Paragraph 4A, which stopped residuary non-banking companies from disguising instalment components as processing or maintenance charges, was therefore held intra vires. The measure was also found consistent with Articles 14 and 19(1)(g) because it had a rational depositor-protection objective, imposed a uniform and reasonable regulatory ceiling, and was not shown to be arbitrary or discriminatory. The amendment introducing Paragraph 4A was upheld. Case-Laws Companies Law Thu, 04 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103038