Question
As per the RBI’s Internal Ombudsman Scheme, what is
the asset size required for NBFC – NDs to appoint an internal ombudsman?Solution
 The RBI requires Non-Banking Financial Companies (NBFCs) with an asset size of Rs. 5000 Crore or more to appoint an internal ombudsman.
Which one of the following is a correct equation?
A contract made under coercion is:
Mr. Sharma, a sole proprietor, entered into an oral agreement with a vendor for purchase of office furniture worth ₹2 lakhs, with delivery to be made ...
Which of the following statement is true?
A Private Company may not issue securities
A contract contains an arbitration clause. A dispute arises but one party sues in civil court. What should the court do?
A prospectus issued by a company should not be issued more than ______ days before the allotment of shares.
The doctrine of "Ultra Vires" is related to:
ABC Pvt. Ltd. entered into a contract with Mr. Rao for supplying machinery worth ₹25 lakhs. After execution of the contract, Mr. Rao became insolvent ...
Company A promises to sell land to Company B but does not sign a written agreement. B makes payment and takes possession. Is this enforceable?
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