Taxmann’s Analysis | Understanding RBI's Stance on Compromise Settlements & Write-offs

· Taxmann Publications Private Limited
4.8
4 reviews
Ebook
17
Pages
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About this ebook

The Reserve Bank of India (RBI) has recently rolled out a new framework for 'compromise settlements and technical write-offs', giving Regulated Entities the green light to proceed with these actions for wilful defaulters or fraudulent accounts, even as legal procedures unfold. This framework encompasses reporting procedures, waiting periods, and the handling of the implicated accounts.

On June 20, to help elucidate the guidelines set out in the 'Framework for Compromise Settlements and Technical Write-offs' circular, which was originally issued on June 8, 2023, the RBI released a comprehensive Frequently Asked Questions (FAQs) document. This was designed to address key questions and provide clarity on the intricacies of the framework.


This article sets out to undertake an in-depth analysis to evaluate the potential impact of the RBI's position on 'compromise settlements and technical write-offs'.

Ratings and reviews

4.8
4 reviews
Seetha Seethapathi (Seethapathi)
December 23, 2023
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Anil Das
September 24, 2023
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Anil Das
September 19, 2023
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About the author

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of Editor-In-Chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in our publications and research platform. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

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