Question
In order to ensure continuous regulatory oversight and adherence to the “fit and proper” criteria for directors, Non-Banking Financial Companies (NBFCs) are required to periodically report any changes in their Board composition to the Reserve Bank of India (RB
- I . In this context, which of the following correctly specifies the frequency and timeline within which an NBFC must submit a statement regarding changes in its directors to RBI (or NHB in case of HFCs)?
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