New of penalty for maintaining accounts in more than one bank is fake – PIB Factcheck
A misconception is being spread in some articles that according to the new guidelines of the Reserve Bank of India, now a penalty will be imposed for maintaining accounts in more than one bank
In social media, a fake news is being spreading that according to the new guidelines of the Reserve Bank of India, now a penalty will be imposed for maintaining accounts in more than one bank. This has resulted into an atmosphere of fear and apprehension in the mind of general public.
PIB Fact check has investigated the fake news of penalty for maintaining accounts in more than one bank and found it completely fake. According to PIB Factcheck, RBI has not issued any guideline and public should be alert to such fake news.
- Prima facie satisfaction u/s 148 can not be a non-existing or incorrect information
- Mutual Funds to value physical Gold and Silver by using the polled spot prices
- SC allows simultaneous CIRP proceedings against principal debtor & corporate guarantor
- Merely because sales were declared for only one month, same cannot be treated as bogus
- ITAT deleted addition as method of accounting had been accepted in earlier years
