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    Question

    According to RBI norms, within how many years must an

    upper-layer NBFC list its shares on a recognized stock exchange?
    A 2 years Correct Answer Incorrect Answer
    B 4 years Correct Answer Incorrect Answer
    C 3 years Correct Answer Incorrect Answer
    D 5 years Correct Answer Incorrect Answer
    E 1 year Correct Answer Incorrect Answer

    Solution

    As per RBI regulations, once a Non-Banking Financial Company (NBFC) is classified as an upper-layer NBFC, it is required to list its shares on a recognized stock exchange within three years. Axis Finance, which is set to be classified as such, will need to comply with this mandatory listing norm.

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