The order holds that the company commenced operations before filing the mandatory INC-20A form, constituting a 293-day delay. Penalties were imposed on the company and its officers under Section 10A(2).
The company and its officer were penalized for failing to transfer acquired assets into the company’s name, violating Section 187(4). Penalties were imposed for FY 2020-22.
The RBI’s 2025 directions set comprehensive rules for small finance banks, covering loan pricing, MCLR, external benchmarks, and microfinance interest rates to ensure transparency.
The ROC Chennai penalized a company and its directors for failing to disclose PAN and email IDs of allottees in Form PAS-3. Reduced penalties were applied considering the company’s small status, with rectification required within 90 days.
The RBI has issued comprehensive directions governing credit facilities of NBFCs. The framework consolidates prudential norms, borrower protection, and digital lending safeguards.
This title emphasizes the detailed rules governing standard and stressed loan transfers, including mandatory use of Swiss Challenge auctions. The framework ensures fair price discovery, clear responsibilities, and prevention of undue risk assumptions by SFBs.
The RBI has consolidated and strengthened norms for NBFCs accepting public deposits, prescribing stricter eligibility, liquidity, and disclosure requirements. The key takeaway is enhanced depositor protection through tighter prudential and operational controls.
The RBI has introduced a comprehensive framework capping single-borrower and group exposures while mandating stricter provisioning for large borrowers. The Directions aim to ensure strong risk diversification and protect SFBs from concentrated credit vulnerabilities.
The guidelines require banks to perform independent credit appraisal, enforce unsecured consumer credit limits, and verify promoter equity sources. By enhancing internal controls and scenario testing, the RBI aims to prevent adverse selection and credit concentration risks.
SEBI’s new IG Scheme expands eligibility for No-action and Interpretive Letters, providing clarity on regulatory compliance. Confidentiality and streamlined processing ensure timely guidance within 60 days.
