Question
In payment systems what does SWIFT stands
for?Solution
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. The majority of international interbank messages use the SWIFT network. SWIFT does not facilitate funds transfer: rather, it sends payment orders, which must be settled by correspondent accounts .
In execution of decree of money-
According to section 96 of the Companies Act the annual general meeting of an unlisted company may be held at any place in India if ________________
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