Saikat Das
Moneycontrol.com
Amid rising concerns over the functioning of non-banking finance companies (NBFCs), the high-powered advisory committee headed by Alok Nigam, joint secretary in the department of financial services has recently submitted its recommendations on legislative changes for NBFCs, sources told Moneycontrol.com. Some critical issues like Money Lenders Act, Recovery of Debts Due to Banks (RDDB) Act, willful defaulters and Takeover Code exemption have figured in the report.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
