Question
In which of the following Section of the transfer of
Property Act provision for transfer for benefit of unborn person is made?Solution
As per the Transfer of Property Act, 1882- S.13. Transfer for benefit of unborn person.—Where, on a transfer of property, an interest therein is created for the benefit of a person not in existence at the date of the transfer, subject to a prior interest created by the same transfer, the interest created for the benefit of such person shall not take effect, unless it extends to the whole of the remaining interest of the transferor in the property. Illustration A transfers property of which he is the owner to B in trust for A and his intended wife successively for their lives, and, after the death of the survivor, for the eldest son of the intended marriage for life, and after his death for A’s second son. The interest so created for the benefit of the eldest son does not take effect, because it does not extend to the whole of A’s remaining interest in the property.
Terminals which allow & deposits, withdrawals etc are called
eVIN stands for?
All mutual funds in India must be compulsorily registered with which organization?
What is Securitization?
Which of the following is known as the ability to convert an investment into cash quickly and with little or no loss in value?
In which year the first Bank of India was established?
Finance Commission of India was formed to define the financial relation between the ------ and ------
The Housing Development Bank of India is
Lack of access to financial services is technically known as:
Deposit Insurance and Credit Guarantee Corporation is issued and subscribed by which of the following organisation?Â