NBFCs lend and make investments and hence their activities are akin to that of banks; however, there are a few differences as given below: i. NBFC cannot accept demand deposits; ii. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on themselves; iii. the deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in the case of banks.
A company limited by guarantee means a company having the liability of its members _____________
Unless the articles of the company provide for a larger number, in case of a public company _________________ shall be the quorum if the number of membe...
Which one of the following is not essential for a valid marriage under Muslim Law?
According to the Occupational Safety, Health and Working Conditions Code, 2020, how long is the license issued for the employment of contract labor und...
Which of the pairs is not correctly matched?
As per the Motor Vehicles Act, Death of insured-
Baking powder is adulterated with?
Under what circumstances and for what purpose can the Central Government take measures related to aircraft, as provided under section 8B of the Aircraf...
Persona Non grata means___________________
According to Section 36(2) of the Code on Wages, 2019, what happens if there is no available surplus for a particular accounting year?
