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Question
RBI has superseded the Board of Directors of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL) under which of the following Section of RBI Act, 1934?
Options:
A .  Section 42-AE (1)
B .  Section 45-IE (1)
C .  Section 35-BE (1)
D .  Section 54-EE (1)
Answer: Option B

The Reserve Bank of India has superseded the Board of Directors of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL) under Section 45-IE (1) of the Reserve Bank of India Act, 1934.



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