Question
The SARFAESI Act also provides for the establishment of
ARCs regulated by RBI. What is the full form of ARC?Solution
The SARFAESI Act, 2002 is meant to empower banks and other financial institutions, to attach the secured assets (that serves as security) of a loan defaulter. The SARFAESI Act also provides for the establishment of Asset Reconstruction Companies (ARCs) regulated by RBI to acquire assets from banks and financial institutions. The Act provides for sale of financial assets by banks and financial institutions to ARCs.
An LC limit of ₹48 lakh is sanctioned, and the lead time is 3 months. What is the projected annual purchase of raw material?
As per Schedule III of Companies Act, which of the following is not shown under ‘Other Current Liabilities’?
Consolidated Financial statements are covered under which of the following accounting standards?
Which banking transaction provides a secure location for customers to store valuable items such as documents, jewelry, or collectibles?
Which of the following statements about a Ceding Company in insurance is true?
___________ is the simultaneous purchase and sale of two identical commodities or instruments. This simultaneous sale and purchase is done in order to t...
A company has the following capital structure:
• Equity: ₹60,00,000 (Cost of Equity = 15%)
• Debt: ₹40,00,000 (Pre-tax cost = 10%)...
As per Companies Act, 2013, it is mandatory to have a women director on the Board of a public company with paid up share capital of _____Â
A company incurs heavy advertising expenditure of ₹2 crore in launching a new product. It wishes to defer the expense over 4 years. As per accounting ...
A not-for-profit organisation receives a donation of ₹1,00,000 for constructing a new building. How should this be treated in the financial statements?