Todays CA Final Law paper..

As per Provio to section 9 it can keep for more 5 years total 12 years

Originally posted by : Joey Tribbiani
	Actually it had application of 2 sections,Section 6 and section 9,in which bank can keep non banking asset,however only for maximum period of 7 years. Pg 26.2 and 26.3 in Munish Bhandari's november 2016 edition handbook.

What? There is no section 9 in Study Material. Where did they ask this question from?

From where did you guys learn these sections and proviso's? I thought ICAI material covers everything

Edit: I just checked the ICAI study material and practice manual. There is NO section 9 of Banking Regulation Act 1949 anywhere in our syllabus! 

So ICAI is now expecting us to study Munish Bhandari book also?

Originally posted by : Thomas
	Originally posted by : Joey Tribbiani Actually it had application of 2 sections,Section 6 and section 9,in which bank can keep non banking asset,however only for maximum period of 7 years. Pg 26.2 and 26.3 in Munish Bhandari's november 2016 edition handbook. What? There is no section 9 in Study Material. Where did they ask this question from? From where did you guys learn these sections and proviso's? I thought ICAI material covers everything

This guy has a point,there is actually no section 9 in study mat or PM.

Originally posted by : Joey Tribbiani
	This guy has a point,there is actually no section 9 in study mat or PM.

Yeah, this is really surprising to me. I can only study the ICAI materials, but i always study it maximum, but i still cant seem to score more than 45-50 in theory papers.

Who knows how many such missing sections are there in the ICAI materials. 

hello friends

my suggestion is that all our concerns about exam need to be brought into the knowledge of icai.pls drop a mail 

bank can keep non banking asset for let out purpose..refer november 2014 suggested answer