Question
The Internal Ombudsman has been designated to the Credit
Information Companies with effect from ________.Solution
To enhance the effectiveness of its grievance redressal systems, the Reserve Bank of India ( RBI) has urged Credit Information Companies to designate an internal ombudsman ( IO) by April 1, 2023. The Central Bank made the decision in August to include CICs in the scope of the RBI- Integrated Ombudsman Scheme 2021 in order to broaden its appeal. The RBI claimed that the action would give clients of regulated businesses a free alternative dispute resolution method for complaints regarding CICs. Only complaints that the CIC has already reviewed but rejected in whole or in part will be handled by the IO. Direct complaints from complainants or members of the public won't be handled by it.
Under Section 19(2), if another bank or financial institution has a claim against the same defendant as the applicant bank, when can it join the proceed...
The concept of ‘Antecedent Debt’ is first of all well described in the case of
 If a minor draws, indorses, delivers or negotiates an instrument, such instrument binds
Which of the following is the principle of equity mentioned in the statute of ICJ?Â
Which of the following is not a requirement for trademark registration in India?
When a compromise or arrangement is proposed between a company and its creditors or its members the Tribunal on an application of _______
Under Section 3(6) of the SARFAESI Act, an asset reconstruction company must obtain prior approval of the Reserve Bank for substantial change in managem...
Section 16 of the Act prohibits common directorships. No banking company incorporated in India may have in its Board of directors more than three direct...
As per the Factories Act,__________of a factory means the person who has ultimate control over the affairs of the factory.Â
As per S.4 of the Coal Bearing Areas, Acquisition and Development Act, 1957,___________ shall give a notice of it’s intention to prospect for coal in ...
Relevant for Exams:
