Question
Which of the following is not correct with respect to
wagering agreement?Solution
Section 30.  Agreements by way of wager, void- Agreements by way of wager are void; and no suit shall be brought for recovering anything alleged to be won on any wager, or entrusted to any person to abide the result of any game or other uncertain event on which any wager is made.
Which ICDS deals with Accounting Policies?
What was a significant factor contributing to the decline in Average Revenue per User (ARPU) in the Indian telecom industry?
ABC Ltd., a manufacturing company, undertook a series of transactions during the financial year 2024–25. It purchased a new plant worth ₹1,000 lakh ...
Head office building is committed to sale; criteria for “held for sale” are met. Will the depreciation still be provided?
How many persons are required to form a One Person Company (OPC) under the Companies Act, 2013?
The Reserve Bank of India has announced plans to shift away from the MIBOR benchmark. Which of the following represents the new benchmark rate proposed ...
Which of the following statement is correct?
An insurance company earned gross premium of ₹120 crore, of which ₹20 crore was unearned at year end. Claims incurred were ₹65 crore. Calculate th...
Interest payable by a non-corporate assessed for deferment of advance tax is
In the context of wire transfers, who is defined as the “Beneficiary” according to RBI’s KYC guidelines?