What is the restriction on commission, brokerage, discount, etc., on sale of shares as per the Banking Regulation Act?
Section 13. Restriction on commission, brokerage, discount, etc., on sale of shares: Notwithstanding anything to the contrary contained in sections 76 and 79 of the Companies Act, 1956, no banking company shall pay out directly or indirectly by way of commission, brokerage, discount or remuneration in any form in respect of any shares issued by it, any amount exceeding in the aggregate two and one-half per cent. of the price at which the said shares are issued.
DSP Fund Managers IFSC, a subsidiary of DSP Asset Managers (DSP AMC), has started operations in GIFT City, Gandhinagar. What is the primary focus of DSP...
On which date International Stuttering Awareness Day or International Stammering Awareness Day is observed annually?
Which bank has entered into a partnership with Aditya Birla Sun Life Insurance to provide insurance solutions to its customers?
What is the primary objective of the Nasha Mukt Bharat Abhiyaan (NMBA)?
Recently Which of the following giant tortoise species was discovered after a century?
The new regulations on UPI transactions will come into effect from January 1,2024.Consider the following statements with respect to the information pr...
What is the current interest rate per annum offered by the RBI Floating Rate Savings Bonds (FRSB) 2020 (Taxable) as of January 1, 2024?
Who has been elected as its President of Institute of Chartered Accountants of India (ICAI) for the 2022-23 term?
In which of the following Indian currency notes the Chariot of Hampi (Karnataka) is inscribed?
Which of the following organization gets DSCI AISS Award for ‘Best Security Practices in Government Sector’?