Question
What is the restriction on commission, brokerage,
discount, etc., on sale of shares as per the Banking Regulation Act?Solution
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.
Where both the parties to an agreement are under a mistake as to a matter of fact essential to the agreement, the agreement is__________________
What will be the effect in the case of an alternative promise, where one branch is legal and the other illegal?
Which of the following amounts to breach of trust?
The maximum period of solitary confinement which may be ordered by the court is :
The Fund constituted under the IRDA Act, 1999 shall be only used for meeting_____________
What does FDCA stands for?
The Magistrate may award compensation to persons groundlessly arrested not exceeding:
Ejusdem generis is___
The Maharashtra Rent Control Act came into effect in the year?
Which of the following is an offence against State?
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