Page 302 - CA Final PARAM Digital Book.
P. 302
• In respect of non-banking financial companies referred to in clause (iii) above,
whether the credit rating, for each of the fixed deposits schemes that has been
assigned by one of the Credit Rating Agencies listed in Non-Banking Financial
Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2016 is in
force; and
(MIGR)
• Whether the non-banking financial company is accepting "public deposit” without
minimum investment grade credit rating from an approved credit rating agency as
per the provisions of Non-Banking Financial Companies Acceptance of Public
Deposits (Reserve Bank) Directions, 2016;
(Limit as per Credit Rating Agency)
• whether the aggregate amount of deposits outstanding as at any point during the
year has exceeded the limit specified by the such Credit Rating Agency;
(Deposits within the limit?)
• 5. Whether the public deposits accepted by the company together with other
borrowings indicated below viz.
o from public by issue of unsecured non-convertible
debentures/bonds;
o from its shareholders (if it is a public limited company); and
o which are not excluded from the definition of ‘public deposit’ in
the Non-Banking Financial Companies Acceptance of Public
Deposits (Reserve Bank) Directions, 2016, are within the limits
admissible to the company as per the provisions of the Non-
Banking Financial Companies Acceptance of Public Deposits
(Reserve Bank) Directions, 2016;
(Computation of CAR)
• Whether the capital adequacy ratio as disclosed in the return submitted to the
Bank in terms of the Non-Banking Financial Company-Systemically Important
Non-Deposit taking Company and Deposit taking Company (Reserve Bank)
Directions, 2016 has been correctly determined and whether such ratio is in
compliance with the minimum CRAR prescribed therein;
(Liquidity Norms)
• Whether the company has complied with the liquid assets requirement as
prescribed by the Bank in exercise of powers under section 45 IB of the RBI Act
and whether the details of the designated bank in which the +6communicated to
the office concerned of the Bank in terms of NBS 3; Non-Banking Financial
Company Returns (Reserve Bank) Directions, 2016;
(Default of Interest)
• Whether the company has defaulted in paying to its depositors the interest
and/or principal amount of the deposits after such interest and/or principal
became due;
(Compliance with Prudential Norms)
• Whether the company has complied with the prudential norms on income
recognition, accounting standards, asset classification, provisioning for bad and
doubtful debts, and concentration of credit/ investments as specified in the
Directions issued by the Bank in terms of the Master Direction Non-Banking
Financial Company Systemically Important No deposit taking Company and
Deposit taking Company (Reserve Bank) Directions,2016;
(Return of Deposit)
• Whether the company has furnished to the Bank within the stipulated period the
return on deposits as specified in the NBS 1 to – Non- Banking Financial Company
Returns (Reserve Bank) Directions, 2016;
(Quarterly Report)
• Whether the company has furnished to the Bank within the stipulated period the
quarterly return on prudential norms as specified in the Non-Banking Financial
Company Returns (Reserve Bank) Directions, 2016;
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