Honble Rajasthan High court admit ICAI writ on OPJS university on starting course related to "Master of CA"

Honble Rajasthan High court admit ICAI writ on OPJS university on starting course related to "Master of CA" etc. and passed following order.

Admit.
Issue notice. Issue notice of the stay application also. The rule issued is made returnable within six weeks.

In the meanwhile and until further orders, the respondent No. 3 is restrained from admitting any student in the School of Chartered Accountants for awarding Masters Degree in Chartered Accountancy, Bachelors Degree in Chartered Accountancy, Diploma in Chartered Accountancy and Certificate in Accountancy. The University shall also not award degree diploma or certificate aforesaid.

CA Dhiraj Khandelwal

OPENING OF CURRENT ACCOUNT BY BANKS - NEED FOR DISCIPLINE

RBI asks for banks to verify credit details of customers from CRILIC database before opening current accounts vide CIRCULAR DBR.LEG.BC.25/09.07.005/2015-16, DATED 2-7-2015. 

1. Banks should ensure that their branches do not open current accounts of entities which enjoy credit facilities (fund based or non-fund based) from the banking system without specifically obtaining a No-Objection Certificate (NOC) from the lending bank(s) 

2. Keeping in view the importance of credit discipline, especially for reduction in NPA level in banks, banks are advised to make use of the information available in CRILC and not limit their due diligence to seeking NOC from the bank with whom the customer is supposed to be enjoying the credit facilities as per his declaration. 

3. Banks may also seek 'No-Objection Certificate' from the drawee bank where the initial deposit to current account is made by way of a cheque. 

4. As these instructions are aimed at improving credit discipline, appropriate penal action will be taken in case of non-compliance.