The working and activity of NBFCs are registered by the Reserve Bank of India within the framework of the -; 1) Reserve Bank of India Act, 1934 (Chapter 10-12); 2) Banking Regulation Act, 1949; 3) Companies Act, 1956; 4) Banking Companies Act, 1970 (Chapter No. 4)
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The 1st option is the correct answer...
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Hope i helped
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