Question
‘What cannot be done directly cannot be done
indirectly.’ This doctrine relates toSolution
The Doctrine of Colourable Legislation is founded on the Latin maxim “Quando aliquid prohibetur ex directo, prohibetur et per obliquum” which states that whatever is unable to be done directly, cannot also be done indirectly. The doctrine of colourability is the idea that when a legislature wants to do something that it cannot do within the constraints of the Constitution, it colours the law with a substitute purpose, allowing it to accomplish its original goal. The scope of the doctrine is well-explained by the Supreme Court in the matter of K.C Gajapati Narayan Deo vs. State of Orissa 1953
Which of the following will be considered as the long-term objective of financial management?
Project A has cash flows of ₹-10 lakh (initial), ₹3L, ₹4L, ₹5L over 3 years. Project B has the same initial investment but generates ₹6L, ₹4...
According to the Companies Act, 2013, every listed company must constitute an Audit Committee. Which of the following is not a role of this committee?
As per the Companies Act, 2013, CSR provisions are applicable if the company meets which of the following thresholds in any financial year?
Which of the following is not permitted in a Small Account under RBI’s KYC Directions?
Which risk is a bank facing due to the mismatch between its assets and liabilities tenure?
Which banking transaction involves the transfer of funds from one bank account to another electronically, often used for paying bills or making purchases?
The insurer leases 15 branch premises (3–5 years) with renewal options it is reasonably certain to exercise. Rent has fixed and variable (sales-linked...
In relation to Employee Stock Option Plans, which of the following statements are correct?
(i) Employee Stock Option Plans are increasingly being...
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 ...