Question
As per RBI guidelines, for the purpose of calculation of
LTV in case of housing loans, stamp duty, registration and other documentation charges can be added to the cost of the house/dwelling unit if the cost of the house/dwelling units does not exceed _________Solution
In order to have uniformity in the practices adopted for deciding the value of the house property while sanctioning housing loans, banks should not include stamp duty, registration and other documentation charges in the cost of the housing property they finance so that the effectiveness of LTV norms is not diluted. (c) However, in cases where the cost of the house/dwelling units does not exceed Rs.10 lakh, bank may add stamp duty, registration and other documentation charges to the cost of the house/dwelling unit for the purpose of calculating LTV ratio.
As per the Companies Act how many directors, at a minimum, should the Audit Committee consist of?
How does K.C. Davis define Administrative law?
Which of the following disease is not caused by polluted water?
According to the General Insurance Business (Nationalisation) Act, what is the prescribed rate of interest for any unpaid amount, whether in instalments...
Insurance Regulatory Development Authority was setup on the recommendation of Malhotra Committee which was headed by __________________ and who was ____...
The case of Afcons Infrastructure Ltd. vs Cherian Varkey Construction Co. discusses/ explains-
An instrument, which has been registered under the Indian Registration Act 1908, is cancelled by the court, the court shall send a copy of its decree to:
Which section of SARFAESI Act deals with measures of Asset Reconstruction?
In matters other than International Commercial Arbitration, the time limit for making an arbitral award is-
What does the word “legal injury” mean?
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