State Laws such as Kerala/Gujarat Money Lenders Act have no application to NBFCs registered under RBI Act: SC

FEMA, BANKING amp; INSURANCE : Law relating to registration and regulation of NBFCs are covered under Chapter IIIB of the RBI Act and, thus, Kerala Money Lenders Act, 1958 and Gujarat Money Lenders Act, 2011 will have no application to NBFCs registered under RBI Act and regulated by RBIFEMA, BANKING amp; INSURANCE : Law relating to registration and regulation of NBFCs are covered under Chapter IIIB of the RBI Act and, thus, Kerala Money Lenders Act, 1958 and Gujarat Money Lenders Act, 2011 will have no application to NBFCs registered under RBI Act and regulated by RBIwww.taxmann.com Latest Case LawsRead More

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