Question
Which section of the Banking Regulation Act delas with
the provisions relating to rates of interest charged by banking companies not to be subject to scrutiny by courts?Solution
Section 21A. Rates of interest charged by banking companies not to be subject to scrutiny by courts: Notwithstanding anything contained in the Usurious Loans Act, 1918, or any other law relating to indebtedness in force in any State, a transaction between a banking company and its debtor shall not be re-opened by any Court on the ground that the rate of interest charged by the banking company in respect of such transaction is excessive
According to the IRDA Act, 1999 intermediary or insurance intermediary includes__________________
According to Section 5of the IRDA Act, what is the tenure of office for the Chairperson and other whole-time members?
Consensus ad idem means
What is the effect of violation of the rule: “Audi Alteram Partem” on an administrative action?
Which of the following is not an exception to the general principle that ‘hearsay evidence is no evidence’ ?
What is the objective of Payment and Settlements Act?
A small company is a company whose paid-up capital and turn over shall________________
In tort law, what is the term for a wrongful act that leads to confinement or restraint of another person against their will?
How are the assets of any insurer in India be kept as per the Insurance Act, 1938?
After dissolution of the firm, goodwill of the firm __.
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