Amendment of section 58B.

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....tuted; (ii) in sub-section (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....

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....d 45-IE in the Act so as to provide power to the Reserve Bank to remove directors 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 aud....