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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 ₹5 crore, or as specified by the Reserve Bank from time to time.

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