NBFCS Registered Under The Reserve Bank Of India Act, 1934 Are Not To Be Covered By The Money Lenders Act Promulgated By State Governments: Held Hon’ble Supreme Court Of India – Financial Services
To print this article, all you need is to be registered or login on Mondaq.com. The Supreme Court of India recently while bringing much-awaited relief to Non-Banking Financial Corporations (NBFCs) has upheld the supremacy of the Reserve Bank of India (RBI) over the supervision and regulation of NBFCs registered under the Reserve Bank of India…