https://www.taxtmi.com/acts?id=36917 Amendments to section 58B raise specific monetary penalties and alter clause language and cross references to broaden the conduct subject to sanction; the Bill separately proposes higher net owned fund requirements for NBFCs, new Reserve Bank powers to remove directors and supersede boards, authority to sanction auditors for non compliance, a resolution framework for NBFCs, and powers regarding group companies, with corresponding penalty increases proposed in section 58G. en-us Fri, 05 Jul 2019 18:41:56 +0530 Fri, 05 Jul 2019 18:41:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36917 Amendments to section 58B raise specific monetary penalties and alter clause language and cross references to broaden the conduct subject to sanction; the Bill separately proposes higher net owned fund requirements for NBFCs, new Reserve Bank powers to remove directors and supersede boards, authority to sanction auditors for non compliance, a resolution framework for NBFCs, and powers regarding group companies, with corresponding penalty increases proposed in section 58G. Act-Rules Bill Fri, 05 Jul 2019 18:41:56 +0530 https://www.taxtmi.com/acts?id=36917