Question
If any loss is caused to the beneficial owner due to
the negligence of the depository or the participant.Solution
Section 16 of Depository Act - Depositories to indemnify loss in certain cases. Without prejudice to the provisions of any other law for the time being in force, any loss caused to the beneficial owner due to the negligence of the depository or the participant, the depository shall indemnify such beneficial owner. (2) Where the loss due to the negligence of the participant under sub-section (1) is indemnified by the depository, the depository shall have the right to recover the same from such participant.
Which of the following Sections of the Companies Act fixes the maximum number of partners in a partnership firm?
An internal aid that may be added to include something within a Section or to exclude something from it is known as ___________.
What is the maximum number of directors a company can appoint without passing a special resolution?
The Corporate Social Responsibility Committee of the Board shall consist of _______________, out of which at least one director shall be an independent ...
Within how many days from incorporation should a company have its first Board meeting?
A limited liability partnership shall, where a person becomes or ceases to be a partner and where there is any change in the name and address of the par...
Punishment for cheating by personation under Section 319(2) may extend to:
An act ultra vires to the Memorandum of Association:
Which of the following is most essential for a company?
Where a depository fails to conduct its business with its participants or any issuer or its agent or any person associated with the securities markets ...
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