Which of the following is not a requirement for an entity to be eligible to set up a payment bank in India?
To be eligible to set up a payment bank in India, an entity must fulfill several requirements, including being a company incorporated in India, having a minimum net worth of Rs. 100 crore, and having a track record of three years in the financial sector. However, there is no requirement for the entity to have a foreign shareholding of less than 49%. In fact, the guidelines issued by the Reserve Bank of India (RBI) in 2014 allow up to 74% foreign shareholding in a payment bank. Hence, option D is incorrect.
Who among the following has the power to declare what language shall be deemed to be commonly used in each district?
Under the Companies Act what is the extent of the Members' liability for the company's obligations in a Producer Company limited by shares?
Which of the following is not a negotiable instrument?
A contract is discharged by novation which means the__________________
A private placement shall be made only to a select group of persons who have been identified by the Board and whose number shall _______________ excludi...
As laid down under the Customs Tariff Act, the rates at which duties of customs shall be levied under the Customs Act, 1962 shall be__________
In terms of section 10A of the Industrial Employment (Standing Orders) Act, 1946 where any workman is suspended by the employer pending investigation...
Nothing is an offence which is done by a child under …… years of age
As per the provisions of the IRDA Act with respect to the tenure of office of the chairperson and other persons, no person shall hold office as a Chairp...
Which of the following legal systems is based on judicial precedent?
