Amendment of section 58B.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ction (4A), for the words "five lakh rupees", the words "twenty-five lakh rupees" shall be substituted; (iii) in sub-section (4AA), for the words "five thousand rupees", the words "ten lakh rupees" shall be substituted; (iv) in sub-section (4AAA), for the words "rupees fifty", the words "five thousand rupees" shall be substituted; (v) in sub-section (5),-- (A) in clause (a), for the words ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ors of a non-banking financial company other than Government Company from office, and supersession of Board of Directors of a non-banking financial company, on certain grounds. It is also proposed to insert a new section 45MAA in the Act so as to provide power to Reserve Bank to take action against auditors if any auditor fails to comply with any direction given or order made by the Reserve Bank ....