FEMA, BANKING amp; INSURANCE : Where owing to governance concerns and defaults by Non-Banking Finance Company in meeting its various payment obligations, RBI, in exercise of powers conferred by section 45-IE superseded Board of Directors of said company and appointed an administrator and despite opportunity granted by RBI said company failed to rectify governance issues and improve financial conditionFEMA, BANKING amp; INSURANCE : Where owing to governance concerns and defaults by Non-Banking Finance Company in meeting its various payment obligations, RBI, in exercise of powers conferred by section 45-IE superseded Board of Directors of said company and appointed an administrator and despite opportunity granted by RBI said company failed to rectify governance issues and improve financial conditionwww.taxmann.com Latest Case LawsRead More
