Question
Under which Act is the legal framework for the recovery
of debts by banks and financial institutions governed?Solution
the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 governs the recovery of debts by banks and financial institutions. This statute empowers banks and financial institutions to recover debts due to them by initiating legal proceedings before the Debt Recovery Tribunals. The Act provides a specialized mechanism for the expeditious adjudication and enforcement of debt recovery matters, ensuring timely resolution of disputes between banks/financial institutions and their borrowers.
A group decision-making process which forbids negative feedback on any suggested alternative by any group member until all members have presented alter...
Which of the following is a non-current liability?
Which technique is often used for risks that are high impact or high likelihood and cannot be managed through other techniques
Given the following data, Calculate the Total of Liabilities & Equity and the goodwill of the company, if any
·       Share Capital: �...
Which of the following items is excluded from the numerator while calculating the Acid Test Ratio?
Which inventory costing formula calculates value of closing inventory considering that inventory most recently purchased has not been sold?
1.   Given the following, what is the amount of Capital?
Assets: Premises 20,000; Inventory 8,500; Cash 100.
Liabilities: Trade Payab...
An outline of the fundamental purpose (specific in nature) of an organization to achieve the vision is called its
As consumers’ income rises, the demand for branded packaged foods, eating out at restaurants, and premium clothing increases proportionately. The inco...
A decrease in the provision for doubtful debts would result in :
