Question
What is the general penalty provided under Motor
Vehicles Act for any offence if there is no specific penalty provided for the offence?Solution
Explanation: Section 177. General provision for punishment of offences: Whoever contravenes any provision of this Act or of any rule, regulation or notification made thereunder shall, if no penalty is provided for the offence be punishable for the first offence with fine which may extend to "five hundred rupees/", and for any second or subsequent offence with fine which may extend to “one thousand and five hundred rupees".
A and B launched a business with initial investments of Rs. 2000 and Rs. 3600, respectively. Three months into the venture, C came on board with an inve...
Three friends A, B and C entered into partnership by investing Rs. 50X, Rs. (10X + 1250) and Rs. (7000 – 15X) respectively. The ratio of the time per...
A and B started a business by investing sum in the ratio 4:5 respectively for 9 and 12 months respectively. If annual profit earned by B is Rs.1300, the...
'A' and 'B' form a partnership with an initial investment of Rs. 2400 and Rs. 8a. After 6 months, 'A' takes out Rs. 400 from his original investment, an...
A and B enter a partnership. A contributed 5000 for 8 months and B 6000 for 5 months. Find A's share in a total profit of 9800.
'A' and 'B' entered into a business with investments of Rs. 6,000 and Rs. 9,000 respectively. 20% of the overall profit is allocated to 'A' for handling...
A and B together started a business by investing their capital in the ratio of 8:7, respectively and total amount invested by them together is Rs. 1500....
Three friends, Palak, Shinu, and Riya, joined forces to start a partnership business, contributing money in the ratio of 5:4:2, respectively, for a dura...
A started a business with an investment of Rs.1500. After some months, B joins the business with an investment of Rs.3600 and after two more months C jo...
A and B jointly invested in a business with initial contributions of Rs. 'x' and Rs. 'y', respectively. After one year, A's share of the total profit of...