Section 45-IE of RBI Act : Section 45-Ie: Supersession Of Board Of Directors Of Non-Banking Financial Company (Other Than Government Company)
RBI Act
JavaScript did not load properly
Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.
Explanation using Example
An example application of Section 45-IE of The Reserve Bank of India Act, 1934, could be as follows:
Imagine a non-banking financial company (NBFC), "QuickLoans Pvt. Ltd.," which has been conducting its business in a way that is harmful to its depositors and creditors. The Reserve Bank of India (RBI) receives numerous complaints that QuickLoans is engaging in risky financial practices, not maintaining the required level of liquidity, and possibly engaging in fraudulent activities.
After a thorough investigation, the RBI is satisfied that it is in the public interest to intervene. To protect the depositors, creditors, and ensure financial stability, the RBI decides to use its...
Login to access all pages and read more content.
To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.
In fact, any online course, certificate program, diploma in International Law, Technology Law, or whatever-new-hype-they-invent is usually just marketing sugarcoat. Don't let them sell you a PDF or Recorded Content and call it empowerment.
A course designed to truly empower you should be accessible — and preferably, free. That's why KanoonGPT will launch a Free AI 101 for Law Professionals course.
Also, quick reality check: Indians earn in INR ₹₹₹ — why on earth are we paying in Dollars $$$ for AI tools ? 🤨 Something doesn't add up.
Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app
