Corporate News November 2021, Part 1 - Acquisory Bulletin

Chandni Ansari31 Jan, 2025Business

RBI directs all Deposit – taking NBFCs (NBFCs-D) with 10 or more branches and NonDeposit taking NBFCs (NBFCs-ND) with asset size of INR 5000 crore and above having public customer interface to appoint Internal Ombudsman (IO) within period of 6 months from the date of issue of the direction 1. IBBI issues clarification regarding the requirement of seeking No Objection Certificate or No Dues Certificate from the Income Tax Department during the Voluntary Liquidation Process under the Insolvency and Bankruptcy Code, 2016.