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Which regulatory approval is required for the merger of L&T Finance Holdings Limited's subsidiaries with RBI?
  • a)
    Approval from the National Company Law Tribunal
  • b)
    Approval from the Reserve Bank of India (RBI)
  • c)
    Approval from the Securities and Exchange Board of India (SEBI)
  • d)
    Approval from the Ministry of Finance
  • e)
    None of the above
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which regulatory approval is required for the merger of L&T Financ...
According to the given context, the merger of L&T Finance Holdings Limited's subsidiaries with RBI is subject to various statutory and regulatory approvals. The central bank, RBI, has already provided a 'no objection' for the scheme through a letter, but the merger is still subject to other approvals. Therefore, the regulatory approval required for the merger is from the Reserve Bank of India (RBI).
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Which regulatory approval is required for the merger of L&T Finance Holdings Limiteds subsidiaries with RBI?a)Approval from the National Company Law Tribunalb)Approval from the Reserve Bank of India (RBI)c)Approval from the Securities and Exchange Board of India (SEBI)d)Approval from the Ministry of Financee)None of the aboveCorrect answer is option 'B'. Can you explain this answer?
Question Description
Which regulatory approval is required for the merger of L&T Finance Holdings Limiteds subsidiaries with RBI?a)Approval from the National Company Law Tribunalb)Approval from the Reserve Bank of India (RBI)c)Approval from the Securities and Exchange Board of India (SEBI)d)Approval from the Ministry of Financee)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Which regulatory approval is required for the merger of L&T Finance Holdings Limiteds subsidiaries with RBI?a)Approval from the National Company Law Tribunalb)Approval from the Reserve Bank of India (RBI)c)Approval from the Securities and Exchange Board of India (SEBI)d)Approval from the Ministry of Financee)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which regulatory approval is required for the merger of L&T Finance Holdings Limiteds subsidiaries with RBI?a)Approval from the National Company Law Tribunalb)Approval from the Reserve Bank of India (RBI)c)Approval from the Securities and Exchange Board of India (SEBI)d)Approval from the Ministry of Financee)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
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