Schedule 1 Part 1 Cl 10, Q.15 of PM specifically says fees in percentage of loan sanctioned is not covered by Reg.149 and so guilty. Why is it not part of “fund raising”?

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Schedule 1 Part 1 Cl 10, Q.15 of PM specifically says fees in percentage of loan sanctioned is not covered by Reg.149 and so guilty. Why is it not part of “fund raising”?

Questions › Category: CA-Final Prof Ethics › Schedule 1 Part 1 Cl 10, Q.15 of PM specifically says fees in percentage of loan sanctioned is not covered by Reg.149 and so guilty. Why is it not part of “fund raising”?

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Afzal Lokhandwala asked 7 years ago

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Ravi Staff answered 7 years ago

PM is not yet updated, now it is allowed
RTP of May 17 specifically mentioned that these services can be charged on percentage basis.