Multiple choice

Returns relating to shareholding of the Chairman, Managing Director or Chief Executive Officer of every banking company are to be sent to

(a) RBI (b) SEBI (c) Registrar of Companies

  1. (a), (b) and (c) all

  2. (b) and (c) only

  3. (a) and (b) only

  4. neither (b) nor (c)

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

Every Chairman, Managing Director or Chief Executive Officer, by whatever name called, of a banking company shall furnish to the Reserve Bank through that banking company returns containing full particulars of the extent and value of his holding of shares. Thus, option 4 is correct.