Language may not be clear, but the intent or object of the regulations is clear; one would wish the interpretation of the provision does justice to the intent. NBFCs must seek the prior permission/ approval from the RBI before strategic changes such as takeovers, acquisition of major shareholdi...
Simply put, para 2 of this noteworthy judgment points out that, It will be noticed that the salient features of this circular are that restructuring in respect of borrower entities de hors the Insolvency and Bankruptcy Code, 2016 [Insolvency Code] can only occur if...
taking the NBFC out of PCA Framework and/or withdrawal of restrictions imposed under the PCA Framework will be considered: a) if no breaches in risk thresholds in any of the parameters are observed as per four continuous quarterly financial statements, one of ...
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