The Reserve Bank of India (RBI) in Dec, 2021 introduced a prompt corrective action (PCA) framework for large non-banking financial companies (NBFCs). Find the correct answer/s for this.
a. The framework is applicable to NBFCs an asset size of > or = to Rs 1,000 crore
b. Housing finance companies are excluded from this.
c. There are three risk thresholds in the PCA framework for NBFCs.
d. It is applicable on government-owned NBFCs too.
An NBFC under PCA framework, caused by triggering the first threshold, will be restricted on dividend distribution, promoters will be asked to infuse capital and reduce leverage. The RBI will also restrict issuance of guarantees or taking other contingent liabilities on behalf of group companies, in case of core investment companies. After hitting risk threshold 2, the NBFC will be prohibited from opening branches, while on risk threshold 3, capital expenditure will be stopped, other than for technological upgradation.
First Auditor of a company is appointed by the ________________________
The kind of debts which are needed to be repaid in a short term is known as?
Residential Status of a Person is determined for
An example of Casual Income is
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The remuneration of the auditor of a company shall be ________________________
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Salary paid to MLAs and MPs are charged under the head
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