alleryUnder which colonial legislation did the Controller of Capital Issues derive regulatory authority?
ACharter Act of 1933
BCapital Issues Act 1947
CCompanies Act of 1913
DReserve Bank Act 1934
Answer & Solution
Correct answer: B. Capital Issues Act 1947
Capital issues regulation before 1992 operated under the framework of the Capital Issues (Control) Act, 1947.
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