8 October 2021 Current Affairs
RBI has superseded the Board of Directors of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL) under which of the following Section of RBI Act, 1934?
The Reserve Bank of India has superseded the Board of Directors of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL) under Section 45-IE (1) of the Reserve Bank of India Act, 1934.
having the owned fund of not less than Rs 2 crore or such other amount not exceeding 15% of total financial assets acquired or to be acquired by the securitisation company or reconstruction company.
Hockey India pulled out of the 2022 Birmingham Commonwealth Games stating the risk of contracting COVID-19 and the discriminatory quarantine rules by the United Kingdom (UK) for travellers coming from India.
As per Section 3 of the SARFAESI Act, a company can carry the business of asset reconstruction only after obtaining a certificate of registration from RBI and, having the owned fund of not less than Rs 2 crore.
EXAMIANS