Multiple choice

Other than banks, the deposits can be accepted by non-bank entities. Which of the following does not match with regard to regulation authority for such deposits?

  1. Non-bank finance companies – RBI direction

  2. Normal companies – Central Govt. Rules

  3. Joint stock companies – SEBI

  4. Individuals, firms and other incorporated bodies - not allowed to accept deposits except from friends/relatives

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Correct Answer: Joint stock companies – SEBI Joint-stock companies in India are governed by the Indian Companies Act, 1956.