Discussion
NPCI has been incorporated under ______ of Companies Act 2013.
Answer: A
Correct answer: Section 8
NPCI is registered as a Section 8 company under the Companies Act 2013 - a not-for-profit company formed to promote an object of public utility, whose income may not be distributed to its members. It was originally incorporated under the corresponding Section 25 of the Companies Act 1956, and the reference changed when the new Act replaced the old, which is why both numbers appear in older material.
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