The Ministry of Corporate Affairs (MCA) has incorporated the 'National Asset Reconstruction Company (NARCL)' with an authorised capital of INR 100 crore and paid-up capital of INR 74.6 crore. It has been created in collaboration with both Public and Private Sector Banks, and Indian Banks' Association (IBA). Padmakumar Madhavan Nair, a stressed assets expert from SBI will serve as the Managing Director of NARCL. NARCL will house bad loan accounts of INR 500 crore or more. It will pay up to 15% of the agreed value for the loans in cash and the remaining 85% would be Government-guaranteed security receipts. Canara Bank would be the sponsor of NARCL and will hold a 12% equity, other large public sector banks will hold less than 10% each in NARCL.
A company registered under section 8 of the Companies Act shall not alter the provisions of its memorandum or articles except with the previous approva...
Window dressing implies which among the following?
Which of the following statements is true?
Donation given by any person except by Indian company to Political Parties or Electoral Trust is allowed under which section?
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According to the Insurance Act, who can receive remuneration or reward for soliciting or procuring insurance business in India?
IND AS 115 prescribes a 5-step model for recognition of revenue, identify the correct sequence of the following steps given below:
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Money market is a market for ___ (1) ___ funds having maturity of ___ (2) ___.
Where a company is formed and registered under this Act for a future project or to hold an asset or intellectual property and has no significant accoun...
Use of cash to underrate a capital expenditure in an organisation involves an outflow of cash. This transaction will be reflected in the Cash Flow State...
