Question

As per the Credit Information Companies (Regulation) Act, 2005 the Reserve Bank may, by notification, increase the minimum amount of authorised capital of very credit information company to____________________

Q: As per the Credit Information Companies (Regulation) Act, 2005 the Reserve Bank may, by notification

Section 8(1) Requirement as to minimum capital - Provided that the Reserve Bank may, by notification, increase the minimum amount of authorised capital to any amount not exceeding fifty crores

A An amount of fifty crores

B Any amount not exceeding fifteen crores

C Any amount not exceeding fifty crores

D Such amount as it may determine after consultation with the Central Government

E Either (a) or (d)

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Question

As per the Credit Information Companies (Regulation) Act, 2005 the Reserve Bank may, by notification, increase the minimum amount of authorised capital of very credit information company to____________________

Solution

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