https://www.taxtmi.com/article/detailed?id=7786 The Bill's Second Schedule enumerates entities treated as specified service providers, including banks, insurers, financial market infrastructures, payment systems, NBFCs, systemically important institutions, certain holding companies, non regulated operational entities, and foreign branches, with exclusions tied to insolvency notifications and determinations under section 33(1). Chapter V deems registration on commencement or on licensing by the appropriate regulator; banking institutions are deemed insured service providers. The Resolution Corporation must maintain a register supplied by regulators, and registration cancellation and restoration follow specified grounds and procedures, while cancellation does not relieve prior liabilities and defaults incur regulated interest. en-us Thu, 21 Dec 2017 08:12:09 +0530 Thu, 21 Dec 2017 08:12:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7786 The Bill's Second Schedule enumerates entities treated as specified service providers, including banks, insurers, financial market infrastructures, payment systems, NBFCs, systemically important institutions, certain holding companies, non regulated operational entities, and foreign branches, with exclusions tied to insolvency notifications and determinations under section 33(1). Chapter V deems registration on commencement or on licensing by the appropriate regulator; banking institutions are deemed insured service providers. The Resolution Corporation must maintain a register supplied by regulators, and registration cancellation and restoration follow specified grounds and procedures, while cancellation does not relieve prior liabilities and defaults incur regulated interest. Articles Other Topics Thu, 21 Dec 2017 08:12:09 +0530 https://www.taxtmi.com/article/detailed?id=7786