alleryUnder which legislation does the RBI regulate and license non-banking financial companies (NBFCs)?
ACompanies Act 2013
BSEBI Act 1992
CFEMA Act 1999
DRBI Act 1934
Answer & Solution
Correct answer: D. RBI Act 1934
Chapter III-B of the Reserve Bank of India Act, 1934 provides regulatory authority over NBFCs.
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