NBFC-Factors or eligible NBFC-ICCs which have been granted CoR under the Act shall conduct the factoringbusiness in accordance with the Act and rules and regulations framed under the Act or the directions and guidelines issued by the Reserve Bank from time to time Unlock Ad-Free CAclubindia ...
2. Recovery of Penal Charges on Loans In terms of extant guidelines, Regulated Entities (REs) have the operational autonomy to formulate Board approved policy for levy of penal interest on advances which shall be fair and transparent. The intent of penal interest was essentially to inculcate a ...
These rules are unfair and pose issues with tax deductions and dual taxation on leases. Talk to Enterslice consultants, and let us help you overcome the challenges with minimum effort. Penalty for Non-Compliance with NBFC Registration Guidelines As an entrepreneur, you must ensure that your NBFC ...
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