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.
Find the value of: {(78/4) + (15/6)} ÷ 2 - 6
The radius of a cylinder is 3 cm and its height is 10 cm. What is its total surface area?
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If sinθ = 3/5 and θ is an acute angle, find cos θ.
Which computer part is responsible for storing data permanently, even when the power is turned off?
A cylinder of radius 12 cm containing water reduces its water level by 1 cm when a fully immersed hemi spherical ball is removed from this cylindrical c...
A ladder leaning against a wall makes an angle of 60° with the ground. If the ladder is 10 meters long, how high up the wall does it reach?
'P' sold an item at a profit of 40%. If the cost price of the item had been Rs. 150 less and its selling price had been Rs. 30 mo...
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