Question
According to the norms formulated by RBI,a penalty, if
charged for non-compliance with the material terms and conditions of the loan contract by the borrower, should be categorized as ‘penal charges’.Furthermore,the central bank has deferred the implementation of norms regarding penal charges levied by banks and financial institutions to_________ , for new loans.ÂSolution
The Reserve Bank of India (RBI) has deferred the implementation of norms regarding penal charges levied by banks and financial institutions to April 1, 2024, for new loans. According to the norms, a penalty, if charged for non-compliance with the material terms and conditions of the loan contract by the borrower, should be categorized as ‘penal charges’. These charges shall not be levied in the form of ‘penal interest’ added to the interest rate on advances. Furthermore, no additional interest should be computed on such charges.
The instrument of transfer of shares is required to be_________
A, B’s manager was sent to collect payment from B’s customers. A collects the payment but keeps with him. Which of the following options is correct?...
Managing director will be counted as _____________ while calculating the maximum limit of managerial remuneration in case of private company.
As per the Motor Vehicles Act where can a person apply for a driving licence if they are not currently disqualified?
What is the period of limitation if the offence is punishable with imprisonment for a term exceeding one year but not exceeding three years under the CrPC?
According to H.L.A. Hart, what is the key difference between being obliged to do something and having an obligation to do it?
Redemption is a right of?
According to ___________ of interpretation, the meaning of a word is to be judged by the company it keeps.
Which of the following is considered as a rule of Fair Hearing under Administrative Law?
The Speaker and Deputy Speaker of Lok Sabha are chosen by______________
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