Consider the following statements regarding the non Banking Financial Companies in India (A) NBFCs are registered under the RBI Act 1948 (B) NBFCs cannot accept demand deposits like commercial banks (C) NBFCs which invest a specific percent of their assets in unencumbered approved securities NBFCs which engaged in merchant banking and portfolio management services are governed by SEBI (E) Every NBFC has to create a reserve fund. Choose the correct answer from the options given below :