Question

The domestic legal authority for the Know Your Customer (KY

  • C Master Direction in India is primarily derived from which statutory framework?
A The Reserve Bank of India Act, 1934 only
B The Banking Regulation Act, 1949 only
C The Companies Act, 2013 and SEBI Guidelines
D The Prevention of Money-Laundering Act, 2002 and its 2005 Maintenance of Records Rules
E The Foreign Exchange Management Act, 1999
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