https://www.taxtmi.com/acts?id=36914 The Bill strengthens Reserve Bank oversight by raising NBFC capital requirements, enabling removal of directors and board supersession for non-government NBFCs, and by creating power to take action against auditors, permitting the Bank to remove or debar auditors who fail to comply with its directions for up to three years; it also adds provisions on NBFC resolution, group supervision and increases statutory penalties. en-us Fri, 05 Jul 2019 18:41:01 +0530 Fri, 05 Jul 2019 18:41:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36914 The Bill strengthens Reserve Bank oversight by raising NBFC capital requirements, enabling removal of directors and board supersession for non-government NBFCs, and by creating power to take action against auditors, permitting the Bank to remove or debar auditors who fail to comply with its directions for up to three years; it also adds provisions on NBFC resolution, group supervision and increases statutory penalties. Act-Rules Bill Fri, 05 Jul 2019 18:41:01 +0530 https://www.taxtmi.com/acts?id=36914