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A takeover or acquisition of control of a non-bank PSO requires RBI's:
ALater intimation
BAnnual filing fee
CNo action at all
DPrior approval
Answer & Solution
Correct answer: D. Prior approval
1. A separate RBI circular covers control changes.
2. Approval must come before the change.
3. So prior approval is required.
_Source: RBI Master Directions on Authorisation to operate a Payment System._
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