Start with Search - Type your requirement here

Friday, August 29, 2008

Section 25 Companies as Business Correspondents (BC) to Banks

It has since been decided that banks can engage companies registered under Section 25 of the Companies Act, 1956, as Business Correspondents (BCs) provided that the Section 25 companies are stand-alone entities or Section 25 companies in which NBFCs, banks, telecom companies and other corporate entities or their holding companies do not have equity holdings in excess of 10%.

Further, while engaging Section 25 companies as BCs, banks will have to strictly adhere to the distance criterion of 15 kms. / 5 kms, as applicable, between the place of business of the BC and the branch.

Click here for details.

1 comments:

Sylvia ANg said...


www.bolavita.fun Agen Judi Online Terpopuler di Indonesia yang sudah berdiri Lama ! Aman dan terpercaya !

Bonus Depoist Pertama sebesar 10% ! Bonus Cashback 5% - 10% Setiap Minggu !

Aman dan Mudah di Akses ... Karena bisa melalui Android / Laptop / Komputer !

Minimal deposit 50ribu saja !

Informasi selengkapnya hubungi :
WA : +62812-2222-995
BBM : BOLAVITA
Line : cs_bolavita
WeChat : BOLAVITA

Aplikasi Live Chat Playstore / App Store : BOLAVITA Sabung Ayam

Post a Comment

CS Updatin...

See Yes -> Yes, ACS

↑ Grab this Headline Animator