https://www.taxtmi.com/article/detailed?id=7784 The Bill establishes a statutory Resolution Corporation to protect consumers and public funds and to promote financial stability. It sets out corporate form, governance by a membership including a Chairperson, ex officio regulator nominees, whole time and independent Members, appointment and removal rules, tenure and post service restrictions. The Corporation may provide deposit insurance, classify and resolve specified service providers, act as administrator or liquidator, appoint staff, and, while exercising functions, exercise civil court powers and broad investigatory, interim enforcement, search and seizure authorities against specified service providers and related persons. en-us Wed, 20 Dec 2017 13:03:00 +0530 Wed, 20 Dec 2017 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7784 The Bill establishes a statutory Resolution Corporation to protect consumers and public funds and to promote financial stability. It sets out corporate form, governance by a membership including a Chairperson, ex officio regulator nominees, whole time and independent Members, appointment and removal rules, tenure and post service restrictions. The Corporation may provide deposit insurance, classify and resolve specified service providers, act as administrator or liquidator, appoint staff, and, while exercising functions, exercise civil court powers and broad investigatory, interim enforcement, search and seizure authorities against specified service providers and related persons. Articles Other Topics Wed, 20 Dec 2017 13:03:00 +0530 https://www.taxtmi.com/article/detailed?id=7784