Which one of the following financial institutions shall not be regarded as Public financial institutions as per section $2 (72)$ of Companies Act $2013$ ?

LIC

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IDFCL

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Institutions notified by central government in consultation with RBI

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KFC

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Solution

The correct option is D KFC
Below are the institutions falls under the category of Public financial institutions:

a) LIC of India established under section 3 of the life insurance corporation act 1956.
b) IDFCL referred to clause (vi) of sub section 1 of section 4A of the Companies Act 1956.
c) Institutions notified by central government under sub section 2 of section 4A of the companies act 1956.
d) Specified company referred to in the Unit Trust of India Act 2002.
e) Such other institutions notified by central government in consultation with RBI.

KFC does not fall under the above category, hence it is not a public financial institution.

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Which one of the following financial institutions shall not be regarded as Public financial institutions as per section 2(72) of Companies Act 2013?

Which one of the following financial institutions shall not be regarded as Public financial institutions as per section $2 (72)$ of Companies Act $2013$ ?