Question
In the context of Cash Credit (CC) facilities, what does
the term 'Drawing Power' refer to?Solution
Drawing Power refers to the amount a borrower can withdraw from their sanctioned working capital limit. It is calculated based on the value of stock, book debts, and creditors, adjusted by a margin set by the bank.
If a board of directors originally consists of 9 members and 2 vacancies are created due to their removal, what would be the quorum required for a board...
Under the Hindu Marriage Act, 1955, which of the following is not a valid ground for divorce?
Consider the following statements about electronic signatures:
1. Electronic signature includes digital signature.
2. Only those electroni...
Consider the following statements regarding statements to police under Section 181 of the Bharatiya Nagarik Suraksha Sanhita, 2023:
Statement 1: ...
Administrative law is:
What does a "partnership at will" signify under the Partnership Act?
Nothing in Art. 15 shall prevent the state from making any special provisions for women and children is mentioned in which provision of the constitution?
Under Section 31 of the Sale of Goods Act, 1930, when goods are sold "as is" or "as they stand":
Marshaling can be made by:
Under the Companies Act, 1956, what is the relationship between the Memorandum of Association and the Articles of Association?
