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Explanation: Law of Tort Vis majeur is a latin term which means superior force or irresistible force. It depicsts acts beyond human control. Act of God may be defined as “circumstances which no human foresight can provide against any of which human prudence is not bound to recognize the possibility, and which when they do occur, therefore, are calamities that do not involve the obligation of paying for the consequences that result from them”.
What is moratorium period for small and startup firms under Insolvency and Bankruptcy Code 2016?
The unpaid or unclaimed dividend lying in the Unpaid Dividend Account has to be transferred to the IEPF after how what period?
In the Union Budget 2024-25, what is the projected fiscal deficit for the financial year 2024-25 as a percentage of GDP, reflecting the government’s f...
How much is the authorised capital of NARCL (Bad Bank) ?
What advantage do niche financial centers have over larger centers?
In the revised instructions on foreign exchange risk hedging, what is the maximum exposure a user is allowed to take across all recognized stock exchan...
Systemically Important NBFCs are:
How must entities with multiple lines of business (LoBs) granted by IFSCA complete their registration on the FIU-IND FINNET 2.0 Portal as per the March ...
Identify the correct statement with respect to IFSCA (Banking) Regulations 2020?
Under the revised Basel III Capital Regulations, what is the maximum limit for which banks can obtain fresh credit ratings from the specified CRA for ba...