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Section 188 (3), where any contract or arrangement is entered into by a director or any other employee, without obtaining the consent of the Board or approval by a resolution in the general meeting under sub-section (1) and if it is not ratified by the Board or, as the case may be, by the shareholders at a meeting within three months from the date on which such contract or arrangement was entered into, such contract or arrangement shall be voidable at the option of the Board and if the contract or arrangement is with a related party to any director, or is authorised by any other director, the directors concerned shall indemnify the company against any loss incurred by it.
As per Schedule III of the Companies Act, 2013, the current maturities of long term debt have to be shown under which of the following heading?
When a borrower creates a mortgage in favour of the lender by deposit of title deed of immovable property as security to the lender until the loan is fu...
Which of the following risks are associated with Banking Sector?
L oan granted for long duration crops will be treated as NPA, if the instalment of principal or interest thereon remains overdue for __________ _ . <...
The activities of the bank covering issue and underwriting of shares and debentures for its clients are known as:
Which of the following Statements is/are True?
I- AT-1 bonds are a type of unsecured, perpetual bonds.
II- The return on AT-1 bonds is u...
The CIBIL score reflects the creditworthiness of an individual borrower. What does a CIBIL score of -1 tell about the credit history of a prospective bo...
Which of the following processes does not belong to Risk Management?
As per the KYC related guidelines given by RBI, which of the following is required for conducting V-CIP (Video-Based Customer Identification Process)?
The level of risk that arises from exposure to a single counterparty or sector, and it has the potential to produce large amounts of losses is called:
