https://www.taxtmi.com/acts?id=36918 The Bill enhances the Reserve Bank's regulatory powers by increasing the net owned fund requirement for non-banking financial companies, creating statutory powers to remove directors and supersede boards, authorising sanctions against non-compliant auditors, establishing a resolution framework for non-banking financial companies, providing powers over group entities, and raising penalties under sections 58B and 58G to higher prescribed amounts. en-us Fri, 05 Jul 2019 18:42:13 +0530 Fri, 05 Jul 2019 18:42:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36918 The Bill enhances the Reserve Bank's regulatory powers by increasing the net owned fund requirement for non-banking financial companies, creating statutory powers to remove directors and supersede boards, authorising sanctions against non-compliant auditors, establishing a resolution framework for non-banking financial companies, providing powers over group entities, and raising penalties under sections 58B and 58G to higher prescribed amounts. Act-Rules Bill Fri, 05 Jul 2019 18:42:13 +0530 https://www.taxtmi.com/acts?id=36918