Question
Under the Banking Regulation Act, 1949, every banking
company must transfer a sum equivalent to at least _____ of its profit each year to a Reserve Fund.ÂSolution
Under Section 17 of the Banking Regulation Act, 1949, every banking company incorporated in India is required to transfer a sum equivalent to at least 25% of its net profits each year to a Reserve Fund (also known as a Statutory Reserve).
More Other Laws and Acts Questions
92,  51,  21,  13.5,  x,  4.25
find the value of (10x + x -5)?
147      138       120      93      ?      12
...14, 28, 54, 98, 154, 224
12, 24, 72, 288, 1440, ?
102, 246, 442, 698, 1022, ?
17 32 99 ? 1965 11784
...729 512 343 216 125 ?
...90     211     67     236     ?     265
...8Â Â Â Â 20Â Â Â Â 36Â Â Â Â Â 56Â Â Â Â Â 80Â Â Â Â ?
12 11 18 34 89.5 259.5
...
