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The Reserve Bank of India (RBI) has revised the penalty framework under the Payment and Settlement Systems Act (PSS Act). The maximum penalty for contraventions such as unauthorized operation of payment systems, disclosure violations, or non-payment of penalties has been increased from ₹5 lakh to ₹10 lakh or twice the amount involved, whichever is higher. Additionally, an extra penalty of ₹25,000 per day may be imposed for ongoing violations.
According to Code 74 (2) of the Occupational Safety, Health and Working Conditions Code, 2020, who can issue a license for using a place or premises as...
As per section 2(8) of the IBC a Corporate person who owes a debt to any person is known as _________________
Under which circumstances does a contract require prior approval from the Central Government in India as per section 12 of the Airport Authority of Indi...
Under the insurance Act every insurer and re-insurer is required to maintain at all times an excess of value of assets over the amount of liabilities of...
Article 129 of Constitution states that “The Supreme Court shall be a court of …………. and shall have all the powers of such a court including t...
Contingency Fund ___
How is the concept of Strict Liability in torts commonly referred to?
In computing the period of limitation for an application to set aside an award, the time requisite for obtaining a copy of the award shall be __________?
The Aircraft Act provides that in the interest of the safety of aircraft operations, if the Central Government decides to regulate construction, erecti...
Under the Legal Service Authorities Act for the transfer of the shares of each Indian insurance company to, and vesting in, the Central Government, ther...