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      Question

      Every company seeking registration as NBFC-Factor shall

      have a minimum Net Owned Fund (NOF) of …………………… as specified by RBI
      A 2 crores Correct Answer Incorrect Answer
      B 3 crores Correct Answer Incorrect Answer
      C 5 crores Correct Answer Incorrect Answer
      D 10 crores Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Every company seeking registration as NBFC-Factor shall have a minimum Net Owned Fund (NOF) of β‚Ή5 crore, or as specified by the Reserve Bank from time to time.

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