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Letter to BS: Stand taken by Rajan is self-contradictory to say the least

The insolvency law, which he supports, was not there at that time. So how does he say that the PMO could make one or two examples in big cases?

RepresentativeImage Thegovernmenthasstartedtheprocessofde-activatingtheidentificationnumbersofnearly2.1milliondirectorsofcompaniesastheyfailedtocomplywithKYCnorms,accordingtoaseniorofficial. TheDirectorIdentificationNumbers(DINs)--auniquenumberallottedtoindividualswhoareeligibletohavedirectorshipontheboardsofregisteredcompanies--arebeingde-activated.Theywillbere-activatedafterafeepaymentofRs5,000alongwiththerequisiteformandtheindividualsconcernedmightalsofaceaction. Thelatestmovebythe ...

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First Published: Tue, April 17 2018. 11:14 IST
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