Fri, Dec 19, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Compliance, Tax, Legal, Regulatory more

India: High court admits Islamic finance firm’s plea against RBI

Posted on 15 June 2012

The Bombay high court on Wednesday admitted a petition that has challenged an order of the Reserve Bank of India cancelling the Non Banking Financial Company (NBFC) licence of Alternative Investment and Credits Limited.
The company is a ten year old NBFC operating on “Islamic Finance principles.” However, the HC bench headed by Justice D D Sinha has left the issue of maintainability on its jurisdiction open………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
293031