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The legal risks primarily arise either due to lack of clarity of the documentation of the product or the act of the counterparty. Change in legal environment due to legislative changes and Court interpretations/proceedings also result in legal risk. Legal risk includes risk of non-enforceability of contract or in-correct documentation resulting in the increased probability of loss. Broadly, legal risks may result in (i) claims against institution, (ii) fines, penalties, punitive damages, (iii) unenforceable contracts resulting from defective documentation, and (iv) loss of institutional reputation
Article 45 of the Indian Constitution describes the
The Montague-Chelmsford Reforms were passed in which year?
The concept of the Planning Commission in the Indian Constitution was borrowed from which country?
With reference to CollabCAD, recently seen in news, consider the following statements:
1. It is a software system launched Department of Science ...
How many types of emergencies are recognized under the Indian Constitution?
With reference to the acquisition of Citizenship under the Citizenship Act of 1955, consider the following statements:
1. The children of foreign...
In the context of the Constitution and Polity of a country, which of the following is/are correct?
1. A Constitution determines the relationship ...
Consider the following statements in the context of the National Commission for Protection of Child Rights (NCPCR):
1. It is established under th...
Which of the following Government official is the Chairman of the Rajya Sabha?
Consider the following statements:
1. In a federation, the powers of the federal and provincial governments are clearly demarcated.
2. In ...
