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Punjab_Value_Added_Tax_Act

Section / Rule Number Content


45H Chapter IIIB not to apply in certain cases
45I Definitions
45IA Requirement of registration and net owned fund
45IB Maintenance of percentage of assets
45IC Reserve fund
45J Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money
45JA Power of Bank to determine policy and issue directions
45K Power of Bank to collect information from non-banking institutions as to deposits and to give directions
45L Power of Bank to call for information from financial institutions and to give directions
45M Duty of non-banking institutions to furnish statements, etc., required by Bank
45MA Powers and duties of auditors
45MB Power of Bank to prohibit acceptance of deposit and alienation of assets
45MC Power of Bank to file winding up petition
45N Inspection
45NA Deposits not to be solicited by unauthorised person
45NB Disclosure of information
45NC Power of Bank to exempt.
45O Penalties
45P Cognizance of offence
45Q Chapter IIIB to override other laws
45QA Power of Company Law Board to offer repayment of deposit
45QB Nomination by depositors
45-ID. Power of Bank to remove directors from office
45-IE. Supersession of Board of directors of non-banking financial company (other than Government Company)
45MAA. Power to take action against auditors
45MBA. Resolution of non-banking financial company
45NAA. Power in respect of group companies