State with reasons whether the following Companies require registration as NBFC with Reserve Bank of India, if not who is regulating authority for these Companies: Merchant Banking Companies.
CS Executive · Setting up of Business Entities and Closure · PYQS · June 2021
State with reasons whether the following Companies require registration as NBFC with Reserve Bank of India, if not who is regulating authority for these Companies: Merchant Banking Companies.
Answer & Explanation:
(iii) Merchant Banking Companies: Regulated by Securities and Exchange Board of India; do not require NBFC License.
Topics: Financial Services
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