Question
KYC guidelines followed by the Banks have been framed
on the recommendations of the ______Solution
KYC means “Know Your Customer”. It is a process by which banks obtain information about the identity and address of the customers. This process helps to ensure that banks’ services are not misused. The KYC procedure is to be completed by the banks while opening accounts. Banks are also required to periodically update their customers’ KYC details.
Which of the following is an exception to the doctrine of privity of contract rule _______________?
XYZ Ltd., a listed entity, has only 2 independent directors on its 12-member Board. Audit Committee is formed with 2 independent and 1 executive directo...
The minimum number of members required to form a Private Limited Company in India is:
A listed company has an average net profit of Rs. 12 crore in the last 3 years. As per Section 135 of the Companies Act, 2013, which of the following st...
A contract with a minor is:
A contract is entered into under duress where one party threatened the other with loss of business if the agreement wasn't signed. The other party signs...
The Right to Information Act, came into force on:
ABC Pvt. Ltd. entered into a contract with Mr. Rao for supplying machinery worth â‚ą25 lakhs. After execution of the contract, Mr. Rao became insolvent ...
Which of the following is NOT a "Negotiable Instrument" by usage or custom?
The "Caveat Emptor" rule means:
