Question
Up to what maximum amount can the Reserve Bank increase
the minimum authorized capital of the credit information company as per the Credit Information Companies (Regulation) Act?Solution
Section 8. Requirement as to minimum capital—(1) The authorised capital of every credit information company shall be a minimum of thirty crores: Provided that the Reserve Bank may, by notification, increase the minimum amount of authorised capital to any amount not exceeding fifty crores.
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Consider the following statements:
I. Pradhan Mantri Awas Yojana- Urban scheme has recently been extended up to 31 December 2024.
II. So F...
