Question
In which of the following cases, notice of dishonour is
unnecessary?                              I.       when it is dispensed by the party                            II.       when the party entitled to notice cannot be found                           III.       when the party entitled to notice, knowing the facts, promises unconditionally to pay the amount due on the instrumentSolution
Section 98 of NI Act
Under what circumstances must Reporting Entities (REs) obtain the Aadhaar number from an individual during the Customer Due Diligence (CDD) process?
Gamma Textiles Ltd. manufactures a single product with the following cost structure:
• Selling Price per unit: ₹500
• Variable Cost ...
Which of the following transactions is capital expenditure?
The 4Cs approach often mentioned in cluster development refers to:
Company A and Company B merge to form Company AB. Assets and liabilities are taken over at book value, and shareholders of both companies continue to ha...
Parent Ltd. acquires 80% shares of Subsidiary Ltd. for ₹8,00,000 when Subsidiary’s net assets = ₹9,00,000. Calculate Minority Interest at acquisit...
What is the minimum duration for which a small account can remain operational after opening without furnishing an Officially Valid Document (OVD)?
In the merger of X Ltd. and Y Ltd., it is decided that the amalgamation will be in the nature of a merger (as per AS-14). Which of the following conditi...
What is the primary role of the Central KYC Records Registry (CKYCR)?Â
Refer to the following information to answer the next 4 questions.
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