Section Section 45J
and with any other provision of law for the time being in force, applicable to t
section 45J and with any other provision of law for the time being in force, applicable to the publication of such prospectus or advertisement: ] '[4SNAA. Power in respect of group companies: (1) The Bank may, at any time, direct a non- banking financial company to annex to its financial statements or furnish separately, within such time and at such intervals as may be specified by the Bank, such statements and information relating to the business Or affairs of any group company of the non-banking financial company as the Bank may consider necessary O1 expedient to obtain for the purposes of this Act (2 Notwithstanding anything to the contrary contained in the Companies Act; 2013 (18 of 2013), the Bank may, at any time, cause an inspection Or audit to be made of any group company of a non-banking financial company and its books of account. Explanation. For the purposes of this section, 'group company" shall mean an arrangement involving two O more entities related to each other through any of the following relationships, namely: subsidiary__parent (as may be notified by the Bank in accordance with Accounting Standards); (ii) joint venture (as may be notified by the Bank in accordance with Accounting Standards);
1. Subs by Act 51 of 1974 20, for sub-section (1) (w.e.f: 13-12-1974). 2. Ins by $. 21,ibid. (W.e.f: 13-12-1974). 3 Ins. by Act 23 of 2019, s. 141 (w.e.f. 9-8-2019)_
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(iii) associate (as may be notified by the Bank in accordance with Accounting Standards); (iv) promoter-promotee (under the Securities and Exchange Board of India Act, 1992 (15 of 1992) or the rules or regulations made there under for listed companies); related party; vi) common brand name (that is usage of a registered brand name of an entity by another entity for business purposes); and (vii) investment in equity shares of twenty per cent. and above in the entity; (b) Accounting Standards means the Accounting Standards notified by the Central Government under
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