Question
The appellate authority to which an appeal can be filed
against any award of the Banking Ombudsman?Solution
Any complaint filed with the Banking Ombudsman should be settled within 30 days from the date of such complaint, failing which, an award is passed by the ombudsman. In case of grievance against the decision of the ombudsman, one can approach the appellate authority within 30 days. The appellate authority is vested with one of the Deputy Governors of the RBI in this case.
A company manufactures two products, A and B. The contribution per unit for A is ₹50 and for B is ₹60. Each unit of A requires 4 machine hours, and ...
Which section of the Companies Act, 2013 defines the condition for redemption of preference shares?
A lender’s portfolio of unsecured retail loans shows a moderate uptick in 30-day delinquencies and a macro overlay indicating deterioration in borrowe...
A manufacturing company prepares a flexible budget for its production costs. At 60% capacity, its total cost is ₹6,00,000, including ₹2,40,000 fixed...
ABC Ltd. reports a net profit after tax of ₹6,00,000 for FY 2024–25. Depreciation expense is ₹1,20,000. Accounts receivable increased by ₹80,000...
A consignor sends goods costing ₹2,00,000 to consignee at invoice price of 125% of cost. 1/10th goods are lost in transit (abnormal). Consignee sells ...
Calculate the value of work certified, if cash received is Rs. 480,000, being 80% of work certified.
A company incurred ₹1 lakh as preliminary expenses. How should it treat the amount under current Ind AS?
Annual Return is to be filed by every company within ________ days of its Annual general meeting.
The cost of preference share capital is considered higher than the cost of debt because:
