Fit and Proper Requirements
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.... its principal officer, directors/ partners/ designated partners, key managerial personnel and controlling shareholders are fit and proper persons, at all times. (2) For the purpose of sub-regulation (1), a person shall be deemed to be a fit and proper person if :- (a) such a person has a record of fairness and integrity, including but not limited to- (i) financial integrity; ....
TaxTMI