Which of the following foreign entities is specifically mentioned in Section 2(4)(d) of the Banning of…
Section 2(4)(d) excludes from "deposit" amounts received from foreign Governments, foreign or international banks, multilateral financial institutions, "foreign export…
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Which of the following foreign entities is specifically mentioned in Section 2(4)(d) of the Banning of Unregulated Deposit Schemes Act, 2019?
Answer and explanation
Correct answer A
Section 2(4)(d) excludes from "deposit" amounts received from foreign Governments, foreign or international banks, multilateral financial institutions, "foreign export credit collaborators", foreign bodies corporate, foreign citizens and other persons resident outside India. Investor categories under the securities law, such as foreign portfolio investors and foreign venture capital investors, and foreign stock exchanges are not named in the clause.