Question
The Reserve Bank of India has imposed a penalty of _____
on Amazon Pay (India) Pvt Ltd for non-compliance with provisions of the Prepaid Payment Instruments (PPIs) norms and Know Your Customer (KYC) norms.Solution
The Reserve Bank of India has imposed a penalty of Rs 3.06 crore on Amazon Pay (India) Pvt Ltd for non-compliance with provisions of the Prepaid Payment Instruments (PPIs) norms and Know Your Customer (KYC) norms. The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007.
Which of the following statements about the accrual basis of accounting is true?
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State which statement is incorrect:
In whose favour is the Doctrine of Indoor Management?
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As per Section 63(1), a company can issue fully paid up bonus shares to its members out of:
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