What is the requirement as to minimum paid-up capital and reserves in the case of a banking company incorporated outside India?
Section 11. Requirement as to minimum paid-up capital and reserves: (2) In the case of a banking company incorporated outside India-- (a) the aggregate value of its paid-up capital and reserves shall not be less than fifteen lakhs of rupees and if it has a place or places of business in the city of Bombay or Calcutta or both, twenty lakhs of rupees; and (b) the banking company shall deposit and keep deposited with the Reserve Bank either in cash or in the form of unencumbered approved securities, or partly in cash and partly in the form of such securities-- (i) an amount which shall not be less than the minimum required by clause (a); and (ii) as soon as may be after the expiration of each year, an amount calculated at twenty per cent of its profit for that year in respect of all business transacted through its branches in India, as disclosed in the profit and loss account prepared with reference to that year under section 29.
The case of Kashmira Singh V. State of M.P. Is related to
What are the processes issued to compel appearance of accused?
Which of the following is not credited to Subscriber Education and Protection Fund?
How many years of experience is required to become a High Court Judge in India?
Which of the following case discuses about preventive detention?
As per the Companies Act the maximum number of directors in a public company can be _______________ and it can be more than the said number if the comp...
As per Section 13A of Payment of Wages Act, Every such register and record shall be
preserved for a period of ............ after the date of t...
Any penalty may be imposed or any confiscation may be adjudged under the Foreign Trade (Development and Regulation) Act by_____
Which of the following emergencies has been declared for the maximum time in India:
Under section 12 of the Competition Act, 2002 what is the period of restriction on employment of Chairperson and other Members?