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Under what conditions are the NBFC-P2Ps free to act without prior approval of the RBI?

By IndianMoney , 8 months ago

The directions specify that prior approval of RBI will not be required in case of any shareholding going beyond 26 percent due to buyback of shares or reduction in capital where it has the approval of a competent Court. The same must be reported to RBI not later than one month from its occurrence.

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