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    Question

    Up to what maximum amount can the Reserve Bank increase

    the minimum authorized capital of the credit information company as per the Credit Information Companies (Regulation) Act?
    A One hundred crores Correct Answer Incorrect Answer
    B Fifty crores Correct Answer Incorrect Answer
    C Seventy-five crores Correct Answer Incorrect Answer
    D Two hundred crores Correct Answer Incorrect Answer
    E One hundred and fifty crores Correct Answer Incorrect Answer

    Solution

    Section 8. Requirement as to minimum capital—(1) The authorised capital of every credit information company shall be a minimum of thirty crores: Provided that the Reserve Bank may, by notification, increase the minimum amount of authorised capital to any amount not exceeding fifty crores.

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