Question

Section 42 restricts private placement to “identified persons”. Consider: (1) Maximum limit is 200 persons per financial year. (2) Offer cannot be made using public advertisements. (3) Money must be received through banking channels. (4) Allotment must be completed within 90 days.

A 1, 2, 3
B 2 and 3
C 1, 2, 4
D 2, 3, 4
E All of the above
Practice Next

Relevant for Exams:

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)