Tally for CAs in Industry Silver Edition (Single User) Tally Renewal (Auditor Edition) Need Tally for Clients? (Tie-up with us!!!)
Open DEMAT Account with in 24 Hrs and start investing now!
Latest Circulars »
Open DEMAT Account in 24 hrs
 Auction of Government of India Dated Securities Jan 17, 2022
 Reserve Bank of India imposes monetary penalty on The Co-operative Bank of Rajkot Ltd., Rajkot (Gujarat)
 RBI Bulletin - January 2022
 Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 The City Co-operative Bank Limited, Mumbai - Extension of period
 Auction of State Government Securities Jan 14, 2022
 RBI releases Discussion Paper on Prudential Norms for Classification, Valuation and Operations of Investment Portfolio of Commercial Banks
 70 LPA Opening Chartered Accountant
 Nine Non-Banking Financial Companies (including one Housing Finance Company) surrender their Certificate of Registration to Reserve Bank of India
  Conversion/Switch of Government of India (GoI) s Securities
 Notification No. 3/2022 Central Board Of Direct Taxes
 RBI releases Annual Report of Ombudsman Schemes, 2020-21

RBI appoints an Advisory Committee to advise the Administrator of M/s Reliance Capital Ltd
December, 01st 2021

The Reserve Bank of India, on November 29, 2021 has superseded the board of directors of Reliance Capital Ltd. and appointed Shri Nageswara Rao Y, ex-Executive Director, Bank of Maharashtra, as the Administrator. In exercise of powers conferred under section 45-IE (5) (a) of the RBI Act 1934, the Reserve Bank has constituted a three-member Advisory Committee to assist the Administrator in discharge of his duties. The members of the Advisory Committee are as follows:

  1. Shri Sanjeev Nautiyal, ex-DMD, State Bank of India

  2. Shri Srinivasan Varadarajan, ex-DMD, Axis Bank

  3. Shri Praveen P Kadle, ex-MD & CEO, Tata Capital Limited

It may also be mentioned that the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 provide for the concerned financial sector regulator appointing a Committee of Advisors to advise the Administrator in the operations of the financial service provider during the corporate insolvency resolution process.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/1285

Home | About Us | Terms and Conditions | Contact Us
Copyright 2022 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting