Capital Adequacy Requirement

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..... h of the applicant specified in sub- regulation (2). (2) For the purposes of sub- regulation (1), the networth of the applicant shall be as follows, namely: (a) Category I specified in clause (a) of sub-regulation (2) of regulation 3, - Rs. 1 [50,00,000]; (b) Category II specified in clause (b) of sub-regulation (2) of regulation 3, - Rs. 2 [25,00,000]: 3 [Provided that a regi .....

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..... or anybody of individuals, the value of capital contributed to such 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 reserves as disclosed in the books of accounts of the applicant at the time of making the application under sub-regulation (1) of regulat .....

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