MIB issued an Advisory regarding mismatch Bank

Oct 29, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific Compliance The Ministry of Information & Broadcasting, (MIB) on October 25, 2024, issued an Advisory regarding mismatch Bank Detail in CBC Data base and their invoices.

All vendors of Outdoor Publicity, Audio-Visuals and Printed Publicity are hereby required to ensure that the bank details mentioned on their invoices must be exactly the same as provided by them in CBC database. Discrepancies between these records may result in withholding of bills.

[Notification No. OP/10/Advisory/2024-25/01]

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