Question
Identify the correct statement about Insolvency and
Bankruptcy Code. 1. It became operational in 2015 2. It was constituted to provide better governance in banking sector 3. It is being implemented by Finance MinistrySolution
A Bankruptcy Law Reforms Committee was set up in 2014 for providing an entrepreneur friendly legal bankruptcy framework for meeting global standards for improving the ease of doing business with necessary judicial capacity. Accordingly, the Insolvency and Bankruptcy Code (IBC), 2016, became operational in 2016. The Code aims to promote entrepreneurship, availability of credit, and balance the interests of all the stakeholders by consolidating and amending the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals. It is being implemented by ministry of corporate affairs.
Underwriting commission for issue of shares, shall not exceed:
Great Insurance Co. Ltd. on 31.12.2022 had reserve for unexpired risk of 5 crores in respect of miscellaneous business. During 2023, the premium collect...
What type of banking transaction allows customers to invest in a diverse portfolio of stocks, bonds, and other securities?
Shareholders holding not less than _________ % of the face value of the equity shares of the transferor company (other than the equity shares already he...
A manufacturing firm includes administrative overheads and interest costs in inventory valuation during a slowdown. Which accounting principle is violated?
U/s 208, it is obligatory for an assessee to pay advance tax where the tax payable is
BankCo holds debt securities:
• Portfolio A: Government bonds held to collect contractual interest/principal.
• Portfolio B: Corporate...
The decisions which are concerned with analysing the risks and rewards of equity and debt and raising money through them is known as:
A company records Net Sales of ₹60,00,000, of which 50% are on credit. The opening receivables were ₹2,00,000 and the closing receivables were ₹4,...
A MSME start-up is eligible for priority sector loan of up to Rs. _________
Relevant for Exams:
