Question
The doctrine of Separation Of Power was systematically
propounded by:Solution
The theory of Doctrine of Separation of Power was first propounded by Montesquieu, a French scholar in and 1747 published in his book ‘Espirit des Louis’ (The spirit of the laws). Montesquieu found that if the power is concentrated in a single person’s hand or a group of people then it results in a tyrannical form of government. To avoid this situation with a view to checking the arbitrariness of the government he suggested that there should be clear-cut division of power between the three organs of the state i.e. Executive, Legislative and the Judiciary.
Which among the followings are correct statements with regard to NBFC in India?
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(B) NBFCs can...
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Financial statements are part of