Question
The Reserve Bank of India advised banks to make the
Know Your Customer (KYC) procedures mandatory while opening and operating the accounts. Under section 35A of which act has the RBI issued the KYC guidelines?Solution
These guidelines are issued under Section 35A of the Banking Regulation Act, 1949 and Rule 9(1D) of Prevention of Money-Laundering (Maintenance of Records) Rules, 2005. Any contravention thereof or non-compliance shall attract penalties under Banking Regulation Act.
What is the purpose of IS0 9000:2000?
As per the Motor Vehicles Act where the applicant does not pass the test; he may be permitted to re-appear for the test _________________
Mortgagor’s right to redemption is provided under S.____ of the Transfer of Property Act, 1882.
As per the General Insurance Business (Nationalization) Act what are the various functions of a Corporation?
A continuing guarantee may at any time be revoked ___________________
The historic case of KM Nanavati vs State of Maharashtra was related to
What is the term of office for the President of India?
The President shall be ________
What is estoppel?Â
Indian Evidence Act, 1872 was enforced on :
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