GK
BANKING AWARENESS AND SEBI
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
RBI Act 1934
|
|
|
Companies Act 1956
|
|
|
Central Government
|
|
|
Banking companies Act
|
Detailed explanation-1: -Explanation.-For the purposes of this section” deposit” means any deposit of money with, and includes any amount borrowed by, a company but shall not include such categories of amount as may be prescribed in consultation with the Reserve Bank of India.
Detailed explanation-2: -a non-banking financial company having the certificate of registration issued under section 45-IA of the Reserve Bank of India Act, 1934 (2 of 1934) and otherwise entitled to accept public deposits as per paragraph 4(4) of these Directions, may open its branch or appoint agents if its.
Detailed explanation-3: -In terms of section 45-IA of the Reserve Bank of India Act, 1934 (“Act”), any NBFC cannot commence or carry on its business without (i) obtaining a certificate of registration, and (ii) having net owned funds (“NOF”) of INR 25 lakh or such amount, not exceeding INR 200 lakh, as the RBI may specify.