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A body corporate joins a promoter group if the promoter holds at least what share of its equity?
ATen per cent
BTwenty per cent
CFive per cent
DFifty per cent
Answer & Solution
Correct answer: A. Ten per cent
1. The definition sets a threshold of shareholding.
2. Either party holding that much of the other's equity counts.
3. The threshold is ten per cent.
_Source: RBI Master Directions on Authorisation to operate a Payment System._
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