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As per the Transfer of Property Act, 1882- S.13. Transfer for benefit of unborn person.—Where, on a transfer of property, an interest therein is created for the benefit of a person not in existence at the date of the transfer, subject to a prior interest created by the same transfer, the interest created for the benefit of such person shall not take effect, unless it extends to the whole of the remaining interest of the transferor in the property. Illustration A transfers property of which he is the owner to B in trust for A and his intended wife successively for their lives, and, after the death of the survivor, for the eldest son of the intended marriage for life, and after his death for A’s second son. The interest so created for the benefit of the eldest son does not take effect, because it does not extend to the whole of A’s remaining interest in the property.
Price risk is the risk of a decline in the value of a security or a portfolio. How can one transfer price risk?
Which of the following is not a major sector that the Gujarat International Finance Tec-City (GIFT City) is expected to serve?
How capital adequacy ratio is calculated:
Which organization was set up to manage the Investor Education and Protection Fund?
Which of the following forms a part of Risk Management?
What is the role of the Insurance Ombudsman in India?
Which of the following is a specific provision under Section 9 of the MSMED Act, 2006, aimed at promoting MSME growth?
What is the maximum permissible implementation cost for advanced level, under the scheme that aims to enhance MSMEs’ productivity, efficiency, and com...
The LTV allowed on loans against gold jewellery or gold loans is _____
Which loan does not require the borrower to pay back during their lifetime?