MCA:
MCA has notified new versions of eForm’s DPT-3 (Return of Deposits), Form 4 LLP (Notice of appointment, cessation, change in name / address / designation of a designated partner or partner and consent to become a partner / designated partner), CRA – 2 (Form of intimation of appointment of cost auditor by the Company to Central Government), MSC – 3 (Return of Dormant Companies) and FC – 1 (Information to be filed by foreign company) w.e.f 07-07-2015. Only new version of the eForm will be acceptable. Stakeholders are requested to plan accordingly and ensure that you have downloaded the latest version for filing and uploading the latest version only. Form-wise date of last version change is available at on the website of MCA.
RBI:
RBI has made amendments to the Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015 and to the Non-Banking Financial (Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 with regard to the Applicability of Credit Concentration Norms. For calculation of Net Owned Fund (NOF), the loans given to/ investments made in companies in the same group / subsidiaries by NBFCs, inter alia, shall be reduced to the extent such amount exceeds 10 per cent of the Owned Funds. On a review it has been decided that in determining Concentration of Credit/ Investment, the investments of NBFC in shares of its subsidiaries and companies in the same group, and the book value of debentures, bonds, outstanding loans and advances (including hire-purchase and lease finance) made to, and deposits with, subsidiaries of the NBFC; and companies in the same group, to the extent they have been reduced from Owned Funds for the calculation of NOF shall be excluded.
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