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• The Reserve Bank of India (RBI) imposed a monetary penalty of ₹25,000 on RAR Fincare Limited, Chennai for non-compliance with RBI's directions on change in management of Non-Banking Financial Companies (NBFCs). • The penalty was imposed due to the company's failure to obtain prior written permission from RBI before changing more than 30% of its directors, excluding independent directors. • In a separate case, RBI imposed a ₹1 lakh penalty on Durgapur Mahila Co-operative Bank Limited, Kolkata for violating RBI's investment regulations for Urban Co-operative Banks. • The violations included breaching prudential inter-bank counterparty and exposure limits. • Both penalties were imposed based on deficiencies in regulatory compliance and do not affect the validity of any transactions or agreements with customers. • These actions are without prejudice to any other actions RBI may take against the companies involved.
Intentional omission to give information of offence by a person legally found to inform is dealt under section:
Ignorantia Juris Non Excusat means_____________________
Who has the been vested with the power to establish the Depositor Education and Awareness Fund as per section 26A of the Banking Regulation Act?
The President of India is elected indirectly by the electoral college consisting of the elected members of the:
Section 112 of the Evidence Act deals with:
As per the Insurance Act what is "health insurance business"?
A introduces water into the ice-house belonging to B and thus causes the ice to melt, intending wrongful loss the B. Here, A has committed:
The liability of legal representative in case of penalty payable under SEBI Act shall be
Which of the following do not constitute evidence within the meaning of Section 3 of the Evidence Act?
Right to Equality of opportunity in matters of public employment is given under Article ………. of the Indian Constitution