Under which act are hawala transactions prohibited in India?
Hawala, as it is referred to in the Middle East and South Asia, was commonly used before the advent of modern western banking services. It is essentially an alternative remittance system that facilitates a transfer of money across international borders.
A and B enter into a partnership with their initial sum of Rs.30000 and Rs.48000 respectively. After 6 months, a third person C also joins them with his...
Amy and Ben started a business partnership, with Amy investing Rs. x and Ben investing Rs. (x + 6000). After one year, Chris joined the partnership with...
A and B together started a business with initial investment in the ratio of 1:2, respectively. The time-period of investment for A and B is in th...
Raj invested Rs.40000 in a business. After 6 months, Rohan joins him with an investment of Rs.P. If at the end of the year the profit is Rs.60000 and pr...
P and Q start a business with initial capital of 40000 and 60000 respectively. After 8 months, R joined them in the business with initial capital of “...
"Anuj and Bishnu initiated a Construction business with Anuj investing Rs. 30,000 and Bishnu investing _________ a certain amount of money. They hired...
In a business, A invested Rs. 2000 more than that by B. After 7 months, A left the business. If at the end of the year, profit earned by B is equal to t...
‘A’ and ‘B’ started a business by investing Rs. 9000 and Rs. 11000, respectively. 12 months later, ‘C’ joined the business by investing Rs. ...
P, Q started a business along with R. The initial investment of P is 20% less than the initial investment of Q. The ratio between the initial investment...
‘A’ invested Rs. 3600 for ‘x’ months while ‘B’ invested Rs. 600 less amount than ‘A’ for (x + 2) months....
