FEMA amp; BANKING : Where petitioner company had not obtained certificate of registration under section 45-IA of RBI Act, 1934, company could not be allowed to run activities by accepting deposit etc., and, therefore, prohibitory order passed by authority in pursuance to raid/enquiry conducted by concerned authority could not be faulted withFEMA amp; BANKING : Where petitioner company had not obtained certificate of registration under section 45-IA of RBI Act, 1934, company could not be allowed to run activities by accepting deposit etc., and, therefore, prohibitory order passed by authority in pursuance to raid/enquiry conducted by concerned authority could not be faulted withwww.taxmann.com Latest Case LawsRead More
