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NPCI is a not-for-profit organisation registered under ______ of the Companies Act 2013.

  • A.Section 6
  • B.Section 7
  • C.Section 8
  • D.Section 4

Answer: C

Correct answer: Section 8

NPCI is registered under Section 8 of the Companies Act, 2013, the section for companies formed to promote a useful object and which apply their profits to that object instead of paying dividends. That is what makes NPCI a not-for-profit.

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