Question
In the context of CGTMSE, which of the following qualify
as primary security? i. Assets created using the sanctioned credit facility ii. Unencumbered fixed assets (land, building, factory) linked to the borrower’s project iii. Personal guarantee of the proprietor/partners or company directors iv. Personal guarantee of the spouse of the proprietorSolution
Under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), primary security refers to assets directly associated with the business or project financed. • Assets created out of the credit facility such as plant & machinery, business premises, or project-related land are considered primary security. • Unencumbered fixed assets of the borrowing unit (land, building, factory) directly linked to the project also qualify. • Personal guarantee of the proprietor/partners (for proprietorships/partnerships) or company directors is treated as primary security. However, the personal guarantee of a spouse or third party is considered collateral/third-party security and does notfall under primary security.
Mortgagor has a right to redeem_____?
An employee who is employed in a seasonal establishment and who is not so employed throughout the year, the employer shall pay the gratuity under the Pa...
The transfer of an actionable claim shall be effected:
According to the Court-Fees Act, 1870 all fees referred to in section 3 or chargeable under this Act shall be collected by _____________
Whoever intentionally uses force to any person, without that person's consent, in order to cause injury, fear or annoyance to the person is said to cause
The Bharatiya Nagarik Suraksha Sanhita proposed changes includes ___________________
Where the Court orders service by an advertisement in a newspaper, a daily newspaper circulating in the locality in which the defendant is last known to...
 Which section of IT Act 2000 deals with the punishment for cheating by impersonation by using computer resources?
__________ is a state in which a company’s liabilities are more than its assets so that is unable to repay its debts
As per Payment of Wages Act in factory,_______________shall be liable to pay  wages to employee employed.
Relevant for Exams:
