Question
When will the depository indemnify the beneficial owner
if any loss is caused to such beneficial owner?Solution
Section 16 of Depository Act - Depositories to indemnify loss in certain cases— (1) Without prejudice to the provisions of any other law for the time being in force, any loss caused to the beneficial owner due to the negligence of the depository or the participant, the depository shall indemnify such beneficial owner. (2) Where the loss due to the negligence of the participant under sub-section (1) is indemnified by the depository, the depository shall have the right to recover the same from such participant
- In each sentence below, four words have been printed in bold which are numbered (1), (2), (3), and (4). One of these words may be misspelt or inappropriate...
In each question below a sentence with four words printed in bold type is given. These are numbered as (1), (2), (3) and (4). One of these four boldly p...
In each of the following sentences given below, four words have been printed in bold. One of these words may be misspelt or inappropriate in the contex...
The RBI is set to get a makeover in line with its global counterparts, with several board committees to be formed on various to assisst the central bank...
Meanwhile, a landmark (A) study will on Wednesday highlight the grimmest (B) of all indicators (C) of entranched (D) regional inequality.
...When their eyes were set on a thing of beauty, they had to be possessed .
...In each group, one word is correctly spelt. Find the correct word.
As I got closer , I realize that the metal cage was in fact a small trap .
...A trainer aircraft crashed in an agriculture field in Mokila area near Hyderabad on Wednesday resulting in minor enjury to the trainee pilot, police said.
The comittee has decided to relese the report by next week, despite some minor inconvieniences.
