Question
Consider the following statements regarding procedural
safeguards under PCA, 1988: Statement 1: A public servant cannot be arrested without prior sanction from competent authority. Statement 2: The sanction requirement applies to all public servants equally. Statement 3: Police can conduct preliminary investigation without sanction, but prosecution requires sanction. Statement 4: Absence of sanction makes the prosecution void. Which statements are correct?Solution
Section 19 requires sanction for prosecution—Statement 1 is correct. Sanction applies differently to different categories—Statement 2 is incorrect. Preliminary investigation can proceed without sanction—Statement 3 is correct. Non-sanction vitiates prosecution—Statement 4 is correct. Statements 1, 3, and 4 are correct.
In relation to Accounting Standards, Which of the following statement is incorrect?
As per RBI’s KYC/AML guidelines on wire transfers, the term “Beneficiary” refers to:
What is the concessional rate of interest applicable under the Differential Rate of Interest (DRI) Scheme?
The value of supply should include:
Find the incorrect statement:
A company has Net Sales of ₹1,000 lakhs, Net Profit of ₹80 lakhs, Total Assets of ₹750 lakhs, and Equity of ₹250 lakhs.
Calculate Return ...
The first auditor of a company is appointed by the:
Ashutosh is a horse dealer. Tausif approaches Ashutosh for a horse. Ashutosh lends a horse which he knows to be vicious, to Tausif. Ashutosh doesn't dis...
A life insurance company estimates future policyholder liabilities at ₹900 crore and holds total assets of ₹1,200 crore. It also reports a solvency ...
Which of the following is a key characteristic of a negotiable instrument under the Negotiable Instrument Act, 1881?