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Facultative insurance is reinsurance for a single risk or a defined package of risks. The ceding company (the primary insurer) is not compelled to submit these risks to the reinsurer, but neither is the reinsurer compelled to provide reinsurance protection. Each risk under a facultative contract is individually underwritten by the reinsurer. Agreement to provide reinsurance “facilitates” the primary insurer’s desire to write the business; without the reinsurance, the primary insurer may be unable to provide coverage for the agent.
The maximum number of directors in a company, without passing a special resolution, can be ________
Read the following information to answer the below questions:
Deferred Tax Liabilities’ is shown under which of the following heads in a Balance sheet as per the format given in Companies Act, 2013?
According to section 63 of Companies Act 2013, which of the following cannot be used for issue of bonus shares?
Following information is available regarding an organization:
Direct material purchased: 1,50,000
Direct material consumed: 80,000
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Read the following information to answer the below questions:
What is the role of GeM in promoting transparency in government procurement?
Which telecom operator consolidation occurred in the Indian telecom industry, leading to a reduced number of major players?
In which year Indian Contract Act was enacted?
Under which section of the Income Tax Act, 1961, are the provisions related to TDS on interest other than interest on securities mentioned?
