Question
Who has the power to suspend operation of the Banking
Regulation Act?Solution
Section 4. Power to suspend operation of Act: (1) The Central Government, if on a representation made by the Reserve Bank in this behalf is satisfied that it is expedient so to do, may by notification in the Official Gazette, suspend for such period, not exceeding sixty days, as may be specified in the notification, the operation of all or any of the provisions of this Act, either generally or in relation to any specified banking company.
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Three partners, A, B, and C, invest Rs 12,000, Rs 15,000, and Rs 18,000 respectively in a business. After one year, the total profit generated is Rs 22,...
Tanya and Varun invested ₹26,000 and ₹26,000 respectively at the beginning of a year. For the next six months after the first month Tanya kept on ad...
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