https://www.taxtmi.com/news?id=15592 Proposed amendments change the deposit repayment reserve requirement to not less than twenty percent of deposits maturing in a financial year, recommend omission of the mandatory deposit insurance obligation due to absence of insurable products, limit indefinite bans on accepting deposits to companies that have not remedied past defaults while permitting rehabilitated companies to raise deposits after five years with disclosures, allow private infrastructure companies and start ups time limited exemptions from member deposit limits, incorporate repayment-as-original-terms for pre Act deposits into the Act, and modify minimum fines for deposit default while keeping the existing maximum. en-us Tue, 02 Feb 2016 19:18:58 +0530 Tue, 02 Feb 2016 19:18:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15592 Proposed amendments change the deposit repayment reserve requirement to not less than twenty percent of deposits maturing in a financial year, recommend omission of the mandatory deposit insurance obligation due to absence of insurable products, limit indefinite bans on accepting deposits to companies that have not remedied past defaults while permitting rehabilitated companies to raise deposits after five years with disclosures, allow private infrastructure companies and start ups time limited exemptions from member deposit limits, incorporate repayment-as-original-terms for pre Act deposits into the Act, and modify minimum fines for deposit default while keeping the existing maximum. News - Tue, 02 Feb 2016 19:18:58 +0530 https://www.taxtmi.com/news?id=15592