RBI asks NBFCs to maintain customer records for 10 yrs

In order to help trail funds
involved in illegal activities, the Reserve Bank on Friday
directed non-banking financial companies to maintain records
of all customers right from the date of transaction for a
period of 10 years.

NBFCs oppose MAT provision in direct tax code

NBFCs have asked Finance Ministry to remove the current provision of the draft Direct Taxes Code on MAT.