Power to call for returns containing credit information (1) For the purpose of enabling the Bank to discharge its functions under this Chapter, it may at any time direct any banking company to submit to it such statements relating to such credit information and in such form and within such time as may be specified […]
Power of Bank to collect credit information The Bank may— (a) collect, in such manner as it may think fit, credit information from banking companies; and (b) furnish such information to any banking company in accordance with the provisions of section 45D
Definitions In this Chapter, unless the context otherwise requires,— (a) “banking company” means a banking company as defined in section 5 of the Banking [Regulation] Act, 1949 (10 of 1949), and includes the State Bank of India [any subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959), any
Appointment of agents (1) Unless otherwise directed by the Central Government with reference to any place, the Bank may, having regard to public interest, convenience of banking, banking development and such other factors which in its opinion are relevant in this regard, appoint the National Bank, or the State Bank, or a corresponding new bank
Power to require returns from co-operative banks [Omitted by the Banking Laws (Application to Co-operative Societies) Act, 1965, w.e.f. 1-3-1966. Earlier, it was amended by the Reserve Bank of India (Amendment) Act, 1951, w.e.f. 1-11-1951.]
Protection of action taken in good faith (1) No suit or other legal proceeding shall lie against the Bank or any of its officers for anything which is in good faith done or intended to be done in pursuance of section 42 or section 43 [or in pursuance of the provisions of Chapter IIIA]. (2) No
The scheme “Financial Assistance for Development of Buddhist/Tibetan Arts and Culture” was launched by the Ministry of Culture, Government of India to provide financial assistance to voluntary Buddhist/Tibetan organizations including Monasteries engaged in the propagation and scientific development of Buddhist/Tibetan culture, tradition and research in related fields. The grant shall be given based on the
The International Driver’s Permit (IDP) is a globally recognised travel document issued under the authority of the United Nations. It serves as an official translation of your domestic driver’s license, making it easier for authorities in foreign countries to verify your driving credentials.An Indian citizen planning to travel abroad and drive a car or motorbike in a
Professional Tax is a tax levied by state governments in India on individuals earning income through professions, trades, or employment. It is applicable to salaried employees, self-employed professionals, and businesses. Many salaried employees might be very well aware of the term ‘professional tax’ as it would have been mentioned in the payslips/Form 16 issued to
Nil GSTR-3B returns are filed in the same manner as regular GSTR-3B returns. Regardless of having no outward or inward supplies, which results in no tax liability for a specific month, it is compulsory for taxpayers to file a nil GSTR-3B via the GST portal for that period. This article provides a comprehensive overview of what is a
CA Bhuvnesh Kumar Goyal
Chartered Accountants
cabkgoyal@gmail.com
9971782649
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E: cabkgoyal@gmail.com
