Question
Who has the power to suspend operation of the Banking
Regulation Act?Solution
Section 4. Power to suspend operation of Act: (1) The Central Government, if on a representation made by the Reserve Bank in this behalf is satisfied that it is expedient so to do, may by notification in the Official Gazette, suspend for such period, not exceeding sixty days, as may be specified in the notification, the operation of all or any of the provisions of this Act, either generally or in relation to any specified banking company.
For Goods Transport Organisation, which of the cost will be regarded as Fixed or Standing Charges?
Which of the following is a key principle of the "Canon of financial propriety"?
A agrees to sell his horse to B if it wins the race tomorrow. The horse dies during the race. What is the nature of the contract?
Drawings made by an owner belongs to:
If a company has a foreign branch, how are its financial statements translated as per AS 11?
Assuming that the discount rate is 7% per annum, how much would one pay to receive ₹500, growing at 5%, annually, forever?Â
A provision for onerous contract is:
An entity sells a factory building held for 20 years. The legal title transfer occurs on 30 September; economic control passed and risks transferred on ...
A company has average account receivables of Rs 120000 and annual credit sales of Rs 600000, Calculate the average collection period (assume number of d...
What is the maximum limit of gratuity payable, under the Payment of Gratuity Act, 1972?
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