Question
What is the maximum period for which the Central
Government may supersede the Authority under IFSCA Act?Solution
Power of Central Government ·        To supersede the Authority for a maximum period of 6 months , if the Central Government is of the opinion that - ü on account of circumstances beyond the control of the Authority, it is unable to discharge the functions or perform the duties imposed on it by or under this Act; ü the Authority has persistently defaulted in complying with any direction given by the Central Government and as a result of such default the financial position of the Authority or the administration of the Authority has deteriorated; or ü circumstances exist which render it necessary in the public interest so to do
X Ltd. forfeits shares for non-payment of final call. These are reissued at a discount. Where is the discount adjusted?
ABC Ltd. has fixed operating costs of ₹50 lakh and interest cost of ₹20 lakh. It earned EBIT of ₹80 lakh on sales of ₹200 lakh. Calculate the op...
According to RBI’s discussion paper on the Expected Credit Loss (ECL) model for banks, how should the transitional adjustment amount be treated at the...
Standard material for 1 unit = 4 kg at ₹50/kg. For actual production of 1,200 units, actual material used was 4,800 kg costing ₹2,40,000. Calculate ...
Economic life of an enterprise is split into the periodic interval as per which concept?
Micro enterprises under MSME are defined (as per revised criteria) as units with investment up to:
Select the options that shows the name of the Account (Trading A/c, Profit & Loss A/c) and the side (Debit/Credit) against the given items to which thes...
Withdrawal column of the Pass Book showed a wrong entry of Rs. 112. When the balance as per Cash Book is the starting point.
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FIPB stands for:
What best describes a Bank Guarantee?