On what basis is an individual resident Indians permitted to include NRI close relatives as a joint holder in resident bank account?
Indian Residents can open a resident bank account jointly with an NRI on “either or survivor” basis according to the Reserve Bank of India (RBI). The term “either or survivor” refers to the condition where both of the account holders can operate the account independently in the absence of the other. Note – The accounts in India by NRIs (like NRE, NRO or FCNR accounts), can be held by NRI jointly with a resident relative on ‘former or survivor’ basis. In this case the resident relative can operate the account as a Power of Attorney holder during the life time of the NRI/ PIO account holder.
Mortgagor shall__________ to accessions to mortgaged property
The damages as per section 73 of the Contract Act are______________________
Which of the contracts cannot be specifically enforced?
A company shall have at least one director who stays in India for a total period of not less than one hundred and eighty-two days ______________
Section 25 of The Limitation Act, 1963 deals with_______?
Is there any condition restraining alienation in Transfer of Property Act?
Where a banking company appropriates any sum or sums from the reserve fund or the share premium account, it shall, within _______________, report the f...
The Reserve Bank established under s.3 of the RBI Act, 1934 has taken over currency management from?
Which one of the following is not the function of EIC?
The writ of prohibition may be issued, when there is