Regulatory Alerts2000-05-07
Added · Updated
Appointment of directors and chief executive under the Leasing Companies (Establishment and Regulation) Rules, 1996
Leasing companies are prohibited from changing directors or the chief executive without prior written authorization from the Commission. Violations may result in licence cancellation and disqualification of defaulting persons for up to three years. Applications for management changes must be complete, including documentary evidence, and any deficiencies must be addressed within ten days or the matter will be closed.
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