Under which of the following section of the Reserve Bank of India Act, 1934, did the RBI cancel Equitas Holdings’ registration?

(a) Section 45-IA (1)
(b) Section 45-IA (4)
(c) Section 45-IA (6)
(d) Section 45-IA (8)

Ans.(c)
Sol. The RBI exercised its powers under Section 45-IA (6) of the Reserve Bank of India Act, 1934, to cancel Equitas Holdings’ registration as an NBFC.

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