Question
Recently RBI has asked which of the following bank to
immediately stop transactions under the Liberalised Remittance Scheme (LRS) until further notice?Solution
The Reserve Bank of India has asked SBM Bank (India), the Indian subsidiary of State Bank of Mauritius (SMB), to immediately stop transactions under the Liberalised Remittance Scheme (LRS) until further notice.The action was based on certain material supervisory concerns observed in the bank.
What is the penalty for acquiring foreign exchange, foreign security, or immovable property outside India exceeding the prescribed threshold under FEMA?
In the absence of a written agreement, which type of transfer is void under the Transfer of Property Act?Â
What does the term Counterfeit mean?
During tenure, a Vigilance Commissioner becomes a partner in a firm having a major contract with the Government of India and shares the profits. How is ...
How is the Central Authority expected to operate in the discharge of its functions under the Legal Services Authority Act?
In 2020, the Ministry of Home Affairs constituted a committee to review the three codes of criminal law. Who was appointed as the head of this committee?
Section 117(2) provides that an order of seizure or attachment—
In which one among the following cases the Supreme Court of India said that 'it is not an absolute rule of law that dying declaration must be corroborat...
A suit for possession of an immovable property, under section 6 of Specific Relief Act can be filed within__________ of dispossession
Under Section 28 of the Indian Easements Act, 1882, easements cannot be acquired through:
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