Wilful Defaulter definition

Wilful Defaulter means a person or an issuer who or which is categorized as a wilful defaulter by any bank or financial institution (as defined under the Companies Act, 2013) or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India;

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Wilful Defaulter means an issuer who is categorized as a wilful defaulter by any bank or financial institution or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India and includes an issuer whose director or promoter is categorized as such.

Wilful Defaulter shall have meaning ascribed to it under the SEBI ICDR Regulations; and

Examples of Wilful Defaulter in a sentence

• Market Segment of the BSE Wilful Defaulter Shall mean an Issuer who is categorized as a wilful defaulter by any Bank or financial institution or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India and includes an issuer whose director or promoter is categorized as such in accordance with Regulation 2(n) of SEBI (Issue and Listing of Debt Securities) Regulations, 2008.

• The Borrower shall not appoint on its Board of Directors and undertakes to take expeditious and effective steps to effect the removal of any Director from its Board of Directors, if such Director is declared or identified as a Wilful Defaulter by the Lender or the Reserve Bank of India or CIBIL in the Wilful Defaulters List of Reserve Bank of India or CIBIL.

More Definitions of Wilful Defaulter

Wilful Defaulter means a Person who is categorized as a wilful defaulter by any bank or financial institution or consortium thereof, in accordance with the Master Circular on Wilful Defaulters issued by the Reserve Bank of India (as amended from time to time) and includes a Person whose director or promoter is categorized as such.

Wilful Defaulter here means a person or an issuer who or which is categorized as a wilful defaulter by any bank or financial institution (as defined under the Act) or consortium thereof, in accordance with the guidelines on

Wilful Defaulter means (i) Borrower or a Guarantor who has committed ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and the outstanding amount is ₹25 lakh and above, or as may be notified by Reserve Bank of India from time to time, and (ii) where the Borrower or a Guarantor committing the Wilful Default is a company, its promoters and the director (s). In case of entity (other than companies), persons who are in charge and responsible for the management of the affairs of the entity.

Wilful Defaulter means any person who is categorized as a wilful defaulter by any bank or financial institution or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the RBI and includes any person whose director, promoter or principal officer is categorized as such.

Wilful Defaulter means a person who is categorised as a wilful defaulter by any bank or financial institution or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.

Wilful Defaulter means a member who commits default as per the directives and guidelines issued by the Reserve Bank of India from time to time.

Wilful Defaulter or “Fraudulent Borrower” shall have the meaning ascribed to it under the SEBI ICDR Regulations;