Multiple Choice Questions on The RBI under Section of the RBI Act 1934 has the power to issue directions for special audit of the........... for IBPS (PO/SO) Preparation

The RBI under Section of the RBI Act 1934 has the power to issue directions for special audit of the...........

Professional Legal Knowledge RBI Act

The RBI under Section _______ of the RBI Act, 1934 has the power to issue directions for special audit of the accounts of the NBFC in relation to any such transaction or class of transactions or for such period(s), as may be specified in the order or can appoint auditor(s) for such special audit and direct them to submit the report to it.

Section 45MC

Section 45MB

Section 45MA

Section 45MD

छोटे Courses बड़े Results

Master RBI Act

Prepare through Micro-courses

Try Now

Explanation:

The correct option is: 3 (Section 45MA).

Explanation: Under Section 45MA of the RBI Act, 1934, the Reserve Bank of India (RBI) has the authority to issue directions for the special audit of the accounts of Non-Banking Financial Companies (NBFCs). This section allows the RBI to specify the transactions or class of transactions, or a particular period, for which a special audit can be conducted. Additionally, the RBI can appoint auditors for this special audit and direct them to submit their findings to the RBI, ensuring transparency and accountability in the operations of NBFCs.