Question
As per the Banking Regulation Act which of the following
statements relating to the acquisition of qualification shares by managing directors of a banking company is true?Solution
Section 10C. Chairman and certain directors not to be required to hold qualification shares: A chairman of the Board of directors who is appointed on a whole-time basis or a managing director] of a banking company (by whomsoever appointed) and a director of a banking company (appointed by the Reserve Bank under section 10A) shall not be required to hold qualification shares in the banking company.
Noting charges are recoverable from:
A negotiable instrument as per the Negotiable Instruments Act, 1881 includes:
Which accounting standard governs the treatment of inventories in India?
Mr. A draws a bill of exchange for ₹1,00,000 on Mr. B for 90 days. Mr. B accepts it and it is discounted by Mr. A from the bank. On maturity, Mr. B fa...
The person who draws a bill of exchange is called the:
Accounts relating to income, revenue, gain expenses, and losses are termed as:
When a bill is dishonored, the drawer's account is debited in the books of the drawee because:
The party who is entitled to receive the payment of a bill of exchange is called the:
The person in whose Favor a bill is endorsed is called:
A bill of exchange for ₹40,000 was discounted with the bank for ₹39,500. The amount of discount charged is:
