Question
Section 42 restricts private placement to “identified
persons”. Consider: (1) Maximum limit is 200 persons per financial year. (2) Offer cannot be made using public advertisements. (3) Money must be received through banking channels. (4) Allotment must be completed within 90 days.Solution
Limits, procedural rules, banking channels and timeline are all part of Section 42/RPA Rules.
In Hindustan Lever Employees’ Union v. Hindustan Lever Ltd. the Court discussed:Â
In which of the following cases, the Supreme Court of India held that, ‘Police Offer cannot refuse to record FIR on the ground that his police sta...
Whoever is involved in activities connected with proceeds of crime, including concealment or possession, and projects it as untainted property, is guilt...
Under the IRDA Act, 1999, the Insurance Regulatory and Development Authority of India (IRDAI) is composed of how many members, including the Chairperson...
If a minor draws, indorses, delivers or negotiates an instrument, such instrument binds
During re-examination of a witness:
When was the Recovery of Debts and Bankruptcy Act enacted?
Two or more persons are said to consent_______________
“The interpretation which is not in conflict with the intent of statute should be opted for”. This is the principle of
According to the law, admissions____________
Relevant for Exams:
