Amendment of section 45-IA.

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Full Text of the Document

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....et owned fund of twenty-five lakh rupees or such other amount, not exceeding hundred crore rupees, as the Bank may, by notification in the Official Gazette, specify: Provided that the Bank may notify different amounts of net owned fund for different categories of non-banking financial companies.". - Clauses 135 to 142 of the Bill seek to amend certain provisions of the Reserve Bank of India Act....