Question
Which of the following best defines a Shell Bank under
RBI KYC directions?Solution
As per RBI KYC norms, a Shell Bank is a financial institution that does not have a physical presence in any jurisdiction and is not affiliated to any regulated financial group. Indian banks are prohibited from dealing with such entities.
Consider the following statements regarding theft under Section 303 of the Bharatiya Nyaya Sanhita, 2023:
Statement 1: Theft requires the taking ...
Which section of the Indian Evidence Act, 1872 deals with Leading questions?
In the case of Harvey v. Facey it was held that___________
The origin of the CVC traces back to which committee’s recommendation?Â
What is the minimum number of members required to form a public company?
Under what conditions can an insurer invest in companies belonging to its promoters as laid down in the insurance Act?
The RTI application is addressed to whom
What is the time period by which the Adjudicating Authority may by order extend the duration of corporate insolvency resolution process beyond one hundr...
As per Section 4(2) of the Environment (Protection) Act, 1986, officers appointed under sub-section (1) shall be subject to the general control and dire...
Under Regulation 3(2) of the SEBI (SAST) Regulations, 2011, an acquirer who already holds 25% or more of the voting rights in a target company (but less...
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