The RBI having considered it necessary in the public interest and being satisfied that, for the purpose of enabling the bank to regulate the financial system to the advantage of the country and to prevent the affairs of any systemically important non- deposit taking company and deposit taking company from being conducted in a manner detrimental to the interest of investors and depositors. Therefore, the RBI has updated the master direction for NBFCs.
from taxmann.com News http://bit.ly/2ICDGu8
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