Which of the following statements is/are true regarding the framework for recognition of Self-Regulatory Organisations (SROs) issued by the Reserve Bank of India (RBI)?
- The framework was issued in the aftermath of the ‘Omnibus Framework for recognition of SROs’ in March 2024.
- To become an SRO, the applicant must be set up as a for-profit company registered under Section 8 of the ‘Companies Act, 2013’.
- The applicant must have a minimum net worth of ₹10 crore to be eligible for recognition as an SRO.
1
Only 1 and 2
2
Only 1 and 3
3
Only 2 and 3
4
All of the above
5
None of the above