Question
Recently Reserve Bank of India imposes penalty of Rs
13.9 lakh on which of the following institution for non-compliance of the guidelines?Solution
The Reserve Bank of India (RBI) has penalised Mynd Solutions Private Limited Rs 13.9 lakh for not complying with its guidelines on Trade Receivables Discounting System (TReDS). The penalty has been imposed under Section 30 of the Payment and Settlement Systems Act, 2007 (PSS Act).
If directed by the Act. the Court shall presume a fact as proved
Where should the payment be applied in case the debt to be discharged is not indicated as per the provisions laid down under the Contract Act?
Which of the following is a valid offer?
The Central Government, if on a representation made by the Reserve Bank in this behalf is satisfied that it is expedient so to do, may by notification i...
A lunatic is always competent to testify except when:
The choice of arbitrator rests with whom in case parties fail to decide?
Which entity is responsible for enforcing compliance under the Act?
A agrees to sell to B, for Rs. 1,000, “my white horse”. A has two white horses.
What is the primary aim of the Mischief Rule in statutory interpretation?
Which section of the Prevention of Corruption Act, 1988 empowers the special judges to try the offence in a summary way?
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