https://www.taxtmi.com/acts?id=37142 The Bank may, after inspecting a non-banking financial company's books and if required for public interest or financial stability, frame schemes to amalgamate, reconstruct, or split and vest businesses, and establish temporary Bridge Institutions to preserve critical activities. Such schemes may reduce pay of senior management, cancel some or all of their shares (including relatives' holdings), and provide for sale of assets; those subject to pay reduction or share cancellation shall not be entitled to compensation. en-us Wed, 24 Jul 2019 17:24:00 +0530 Wed, 24 Jul 2019 17:27:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37142 The Bank may, after inspecting a non-banking financial company's books and if required for public interest or financial stability, frame schemes to amalgamate, reconstruct, or split and vest businesses, and establish temporary Bridge Institutions to preserve critical activities. Such schemes may reduce pay of senior management, cancel some or all of their shares (including relatives' holdings), and provide for sale of assets; those subject to pay reduction or share cancellation shall not be entitled to compensation. Act-Rules F. Acts / Amendment Acts Wed, 24 Jul 2019 17:24:00 +0530 https://www.taxtmi.com/acts?id=37142