Question
In Vineeta Sharma v. Rakesh Sharma (2020), the Supreme
Court's landmark judgment on Hindu Succession Act established that:Solution
This 9-judge bench judgment (2020) unanimously held that Section 6 of the Hindu Succession Act, 1956 (as amended 2005), grants daughters equal coparcenary rights by birth (unobstructed heritage) identical to sons. These rights apply retrospectively a daughter born before 2005 or even if her coparcener father died before 2005 is entitled to coparcenary status. This overruled previous interpretations limiting rights to daughters born after the amendment.
Which IFRS/Ind AS is discussed in the RBI's released Discussion Paper on Introduction of Expected Credit Loss (ECL) Framework for Provisioning by Banks?
Pradhan Mantri Jeevan Jyoti Bima Yojana is available to people in the age group of 18 to _________ years having a bank account who give their consent t...
Consider a market with a few dominant firms that sell differentiated products and engage in strategic pricing behavior. These firms often react to each ...
Which of the following statements about the Indian budget is incorrect?
Which of the following statements best describes the relationship between the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006 , and t...
What is the primary characteristic that distinguishes common equity from preferred equity in the capital markets?
1.   Which of the following is correct regarding Supervisory review Process (SRP)?
1.   Supervisors should review and evaluate banks ICAA...
Under the SARFAESI Act a who can enforce the security interest created in his favour without the intervention of the Court or Tribunal?
How much loan did Fusion Micro Finance obtain from the United States International Development Finance Corporation (DFC)?
Which of the following is a feature of a defined contribution pension plan?
1) Guaranteed payout at retirement
2) Employee bears the inves...