Capital adequacy requirement

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..... 7. (1) The capital adequacy requirement referred to in sub-regulation (d) of regulation 6 shall not be less than the net worth of rupees twenty lakhs. 1 [(2) Notwithstanding anything contained in sub .....

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..... uch business by the applicant and the free reserves of any kind belonging to the business of the applicant; and (b) in the case of a body corporate, the value of the paid-up capital and the free reser .....

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