Consider the following statements regarding NBFC Due Diligence:
1. Legal due diligence involves assessing contracts, loans, and litigation associated with the NBFC.
2. Commercial due diligence focuses on the financial viability of the NBFC, including competitive analysis.
3. Financial due diligence examines compliance with the Prevention of Money Laundering Act, 2002.
Which of the statements given above is/are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
All of the above
5
None of the above