Question
Which of the following obligations are laid down by
Section 12 of Prevention of Money Laundering Act 2002 on banking companies, financial institutions and intermediaries? I. maintain a record of all transactions II. maintain record of documents evidencing identity of its clients and beneficial owners III. Keep all the information maintained or furnished as confidentialSolution
Explanation: Section 12 of Prevention of Money Laundering Act: 1) Every reporting entity shall: (a) maintain a record of all transactions, including information relating to transactions covered under clause (b), in such manner as to enable it to reconstruct individual transactions; (b) furnish to the Director within such time as may be prescribed, information relating to such transactions, whether attempted or executed, the nature and value of which may be prescribed; (e) maintain record of documents evidencing identity of its clients and beneficial owners as well as account files and business correspondence relating to its clients.
Which of the following is not an implied warranty under the Sale of Goods Act, 1930?
Preventive relief is granted at the discretion of the court by injunction, temporary or perpetual is provided under which section of the Specific Relief...
The fundamental test to attract s 10 is whether on final decision being reached in the previous suit, such decision would operate as res judicata in the...
Under which section of IT Act, stealing any digital asset or information is written a cyber-crime?
Which of the following statements are true related to the Chairperson under the PFRDA Act?
The fast-track corporate insolvency resolution process shall be completed within ___________
Principle of Res Judicate is contained in which section of Indian Evidence Act 1872
What are the number of directors that the Board may appoint on the governing board of recognized stock exchange or recognized clearing corporation?
As per section 187 of the Contract Act an authority is said to be express when it is_________________
To set aside a sale by a Civil or Revenue Court the period of limitation as per provisions of Limitation Act 1963 to file suit is:
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