Question
Which of the following is not a ground for rejection of
a complaint by Banking Ombudsman?Solution
Section 13 of Banking Ombudsman Scheme 2006 -Rejection of the complaint.- The Banking Ombudsman may reject a complaint at any stage if it appears to him that the complaint made is:-(a) not on the grounds of complaint referred to in clause 8; or (b) beyond the pecuniary jurisdiction of Banking Ombudsman prescribed under clause 12; or (c) frivolous, vexatious, malafide; or (d) without any sufficient cause; or (e) that it is not pursued by the complainant with reasonable diligence; or (f) in the opinion of the Banking Ombudsman there is no loss or damage or inconvenience caused to the complainant; or (g) requiring consideration of elaborate documentary and oral evidence and the proceedings before the Banking Ombudsman are not appropriate for adjudication of such complaint
As per Schedule III, Share Application Money pending allotment is shown under:
XYZ Ltd. changed the format of its Statement of Profit and Loss from ‘nature of expense’ method to ‘function of expense’ method in accordance wi...
The Division III, inserted in Schedule III of the Companies Act, 2013, prescribes the format for preparation of financial statements of which of the fo...
In preparing financial statements as per Schedule III of the Companies Act, ABC Ltd. classifies ‘Share Application Money Pending Allotment’ under cu...
Which of the following items is included in operating profit?
XYZ Ltd. classifies bank overdraft under 'Cash and Cash Equivalents' in the balance sheet. The overdraft is repayable on demand and regularly fluctuates...
As per Ind AS 16, subsequent expenditure on property, plant and equipment is capitalized when it:
Which of the following best describes capital work-in-progress (CWIP)?
ABC Ltd. follows Ind AS and presents its balance sheet as per Schedule III of the Companies Act. The company receives ₹5 crore from the issue of deben...
Capital Reserve can be utilized for: