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Section 421, IPC. Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors.—Whoever dishonestly or fraudulently removes, conceals or delivers to any person, or transfer or causes to be transferred to any person, without adequate consideration, any property, intending thereby to prevent, or knowing it to be likely that he will thereby prevent, the distribution of that property according to law among his creditors or the creditors of any other person, shall be punished with imprisonment of either description for a term which may extend to two years, or with fine, or with both CLASSIFICATION OF OFFENCE Punishment—Imprisonment for 2 years, or fine, or both—Non-cognizable—Bailable—Triable by any Magistrate—Compoundable by the creditor who are affected thereby with the permission of the court.
Sustainable Alternative Towards Affordable Transportation (SATAT) initiative launched in October, 2018 envisages setting up of _________ Compressed Bio...
Collateralized Borrowing and Lending obligation is a money market instrument for the benefit for entities not having access to the interbank call money ...
An impact of increased infrastructure investment on the economy?
1.It can lead to a decrease in economic growth.
2.It can provide a critic...
What is the target of lending for domestic banks, as a % of their ANBC,under Priority sector lending for micro-enterprises?
In the context of the Indian Renewable Energy Development Agency Limited (IREDA) receiving approval from the Department of Investment and Public Asset M...
If an individual is unable to pay back the overdraft taken by him it is known as
Wide span of control means a single manager or supervisor oversees a large number of subordinates. This gives rise to ___ organizational structure.
What is the primary purpose of the WEIDE fund launched by the WTO and ITC?
When an enterprise has an unhedged receivable or payable denominated in a foreign currency and settlement of the obligation has not yet taken place that...
Calculate the Working Capital Turnover Ratio: