Question
According to the RBI's circular on unclaimed deposits,
which section of the Banking Regulation Act, 1949 gives the RBI authority to issue instructions on transferring unclaimed deposits?Solution
The authority for the RBI to issue instructions on unclaimed deposits is derived from Section 35A of the Banking Regulation Act, 1949, as mentioned in the circular "Inoperative Accounts/Unclaimed Deposits in Banks."
A person from Pakistan residing in Karachi deceived the complainant in Mumbai through written communication, phone calls, and telegrams, persuading them...
Admissions are:
Who is authorized to compound an offence punishable with fine only, and what is the maximum sum that can be collected for compounding under the LLP Act?
Consider the following statements regarding relevancy of facts in issue and connected facts under Sections 3-4 of the Bharatiya Sakshya Adhiniyam, 2023:...
President's resignation shall be given to:
For a company to accept deposits from public it should be an eligible company. So which companies are referred to as the eligible companies?
In which of the following cases Supreme Court has asked the Centre to create a Bail Act?
If a right or liability is created by a statute, which of the following situation may arise:
When can a plea that arbitral tribunal does not have jurisdiction be raised?
Contract with minor is ____________________
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