Question
Which of the following statements are not true regarding
the issuance of a bank guarantee? 1. All bank guarantees have an expiry period and expiry date. 2. Banks are required to maintain capital against the non-fund-based facilities like Bank Guarantee 3. Banks should comply with Ghosh Committee recommendations while issuance of bank guarantee 4. The banks are not allowed to issue bank guarantee in favor of other banks and financial institutions.Solution
Banks can issue bank guarantees in favor of other banks and financial institutions. Rest of the statements are correct.
Consider the following statements regarding relevancy of state of mind evidence under Section 12 of the Bharatiya Sakshya Adhiniyam, 2023:
Sta...
Any application made under section 19(1) of the Recovery of Debts and Bankruptcy Act for seeking permission from the Debts Recovery Tribunal shall be de...
Under Section 11(2) of the SEBI Act, 1992, SEBI receives an anonymous complaint that a large investment advisory firm has been providing personalized in...
Which of the following types of estoppel are explicitly covered in specific provisions of BSA?
What are the classes of Criminal Courts besides the High Courts and the Courts constituted under any law, other than the Bhartiya Nagarik Suraksha Sanhi...
Which of the following is not required for the liability of a master to arise for a servant's actions?
In which of the following cases the principle of res gestae was discussed briefly and as an exception the Hearsay rule?
The Office of the Prime Minister of India has been created by:
As per Section 7 verbatim, the Central Government may, in consultation with the Commission, make rules with respect to:
It is the duty of _______ to communicate the president about decisions of council of ministers
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