SRO for NBFCs: RBI Rules & FIDC Status

With reference to the Self-Regulatory Organisation (SRO) for Non-Banking Financial Companies (NBFCs), consider the following statements: An SRO must be set up as a for-profit company under the Companies Act, 2013. To ensure independence, at least one-third of its Board of Directors must be independent. The Finance Industry Development Council (FIDC) was recently granted SRO … Read more