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Compliance with the net-worth requirement is certified by the:
AStatutory Appraiser
BStatutory Auditor
CStatutory Advocate
DStatutory Assessor
Answer & Solution
Correct answer: B. Statutory Auditor
1. A certificate in the prescribed format is filed.
2. A newly formed entity files a provisional balance sheet with it.
3. The certificate comes from the Statutory Auditor.
_Source: RBI Master Directions on Authorisation to operate a Payment System_
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