Question
Which of the following functions cannot be performed by
NBFCs?Solution
NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself; The deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs. NBFCs are not engaged in agricultural activities or industrial activities.Â
Securities Premium can be used by the company:
If the annual sales of a business are ₹X, what is the Maximum Permissible Bank Finance (MPBF) as per the Turnover Method?
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Who is the regulator of the corporate sector?
With respect to AS 5 (Net profit or loss for the period, prior period items and changes in accounting policies), which of the following statement is inc...
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