Question
A small company is a company whose paid-up capital and
turn over shall________________Solution
Explanation: Companies (Specification of definitions details) Rules, 2014: Rule 2(1)(t) For the purposes of sub-clause (i) and sub-clause (ii) of clause (85) of section 2 of the Act, paid up capital and turnover of the small company shall not exceed rupees four crore and rupees forty crore respectively.
Under the RBI’s guidelines, what is the maximum exposure to an individual borrower for UCBs with Tier 1 capital?
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