Banking · Non-Banking Financial Companies (NBFCs)
The primary legislation that governs the registration, operations, and supervision of NBFCs in India is the:
- 1Reserve Bank of India Act, 1934 (specifically Chapter III B)✓
- 2Securities Contracts (Regulation) Act, 1956
- 3Negotiable Instruments Act, 1881
- 4Companies Act, 2013
Correct answer
Reserve Bank of India Act, 1934 (specifically Chapter III B)
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