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).
What does the term "asset reconstruction" refer to?
For how long can the Registrar reserve a name for a limited liability partnership after satisfying the prescribed conditions and payment of the fee?
In the landmark case Shriram Transport Finance Company Limited v. NCLT (2014), the National Company Law Tribunal and subsequently the courts addressed...
Which of the following Fundamental Rights is available to both the citizens and non-citizens?
Which section of the Limited Liability Partnership Act governs the conversion of a partnership firm into a Limited Liability Partnership?
Under Section 13 of the Environment (Protection) Act, 1986, Government Analysts are appointed or recognised by:
What does a "Government company" mean as per the Companies Act?
In case of a decree for execution of a document, draft of document shall be prepared by___.
Which of the following correctly describes the composition of a committee appointed by the appropriate Government under section 8 of the Code on Wages?
Which of the following documents need to be compulsory registered?
