Question
SBI has an account with Citi Bank in USA. If Bank of
Baroda wants to use this account for a transaction, it is known as _______Solution
Loro account refers to a correspondent bank account that a domestic bank maintains in a foreign bank in the foreign currency and is used by a third bank. It means “Our account of their money with you”. A Loro account is a current account that is maintained by one domestic bank for another domestic bank in the form of a third party account, unlike nostro and vostro which is bilateral correspondence.
The period of limitation for filing any suit (for which no period of limitation has been provided in Schedule of the Limitation Act) shall be:
Under Section 32, if an LLP fails to file the statement of account and solvency, within how many days is it given to rectify the default?Â
No attachment under a precept shall continue for more than_____
How is the Governor of a State appointed according to the provisions of the Indian Constitution?
Rule of law is a part of:
The Supreme Court in the landmark case of Lalita Kumari v. State of UP held that
Who is responsible for reviewing compliance with the regulations and verifying the effectiveness of internal control systems, as per Reg 5H of SEBI (Pr...
What is the maximum annual rent increase allowed under the Maharashtra Rent Control Act?
Specific relief can be granted for enforcing__________________
As per section 150 of the Contract Act________ is bound to disclose to the faults in the goods bailed, of which he is aware, and which materially inter...
