Question
In which of the following cases, the Supreme Court has
held that filing of Complaint for Dishonor of Cheque through power of attorney is permissible?Solution
In A C Narayan vs State of Maharashtra, the court held that that the powerofattorney holder may be allowed to file, appear and depose for the purpose of issue of process for the offence punishable under Section 138 of the NI Act. An exception to the above is when the powerofattorney holder of the complainant does not have a personal knowledge about the transactions then he cannot be examined. However, where the attorney holder of the complainant is in charge of the business of the complainant payee and the attorney holder alone is personally aware of the transactions, there is no reason why the attorney holder cannot depose as a witness. Nevertheless, an explicit assertion as to the knowledge of the powerofattorney holder about the transaction in question must be specified in the complaint.
How many stressed accounts have been identified for transfer to NARCL (National Asset Reconstruction Company Limited) in a phased manner initially
Which of the following is not one of the branches of quantitative approach to management?
Which of the following is not likely to be a motivation to overreport earnings?
Calculate P/E Ratio from the following:
Equity share capital @ 10 each : 800000
9% preference share capital: 300000
 Profit (afte...
The Banking Regulation Act, 1949 is a key Act to regulate all banking firms in India. What is covered under the Section 24 of this Act?
Pradhan Mantri Shram Yogi Maan-Dhan Yojana assures a minimum assured pension of ________ upon attaining the age of 60 years.
What will be the impact on Return on Equity (RoE) if cash is paid to the creditors?
What was the increase in the insurance density in India in FY24 as per economic survey 2023-24?
Multi Commodity Exchange of India Ltd (MCX) deals with which of the following:
Which state received the highest Foreign Direct Investment (FDI) in Q1 FY25?
