Restrictions and prohibitions

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..... mbling in any form; and (c) dealing with financial products linked to the Indian rupee without specific approval of the Reserve Bank. Explanation. For the purposes of this sub-rule, the expression real estate activity means buying and selling of real estate or trading in Transferable Development Rights but does not include the development of townships, construction of residential or com .....

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..... 2) of rule 2 of the Companies (Restriction on Number of Layers) Rules, 2017 as may be amended from time to time, namely:- (a) a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949); (b) a non-banking financial company as defined in clause (f) of section 45-I of the Reserve Bank of India Act, 1934 (2 of 1934) which is registered with the Reser .....

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