Question
Section 6 of the Indian Penal Code is based on the Roman
maxim:Solution
IPC This Latin maxim means that general provisions do not derogate from special ones. In legal interpretation, when a specific law or rule exists for a particular situation, it takes precedence over a general law that might otherwise apply. Inclusio Unius Est Exclusio Alterius: This maxim translates to "the inclusion of one is the exclusion of the other." It implies that when a law explicitly mentions certain things, it implies the exclusion of others not mentioned. Bona Vacantia: This term refers to ownerless or unclaimed property, often used in the context of inheritance law. Bona Vacantia property typically refers to the assets of a person who dies without any apparent heirs or a legally valid will. In such cases, the property may pass to the state
Financial Instruments such as Call Money, commercial paper, Bills of exchange, T-Bills, are traded in which of the following market?
In the absence of Partnership Deed, partners are entitled to:
Use of cash to underrate a capital expenditure in an organisation involves an outflow of cash. This transaction will be reflected in the Cash Flow State...
With effect from ______, the historic indirect tax reform- GST was introduced in India.
During the year 2016-17, the profit of the business before charging manager's commission was Rs. 1,89,000. If the manager's commission is 5% after charg...
Which of the following are needed for the analysis of the financial statements of a company?
The primary rule of double-entry book-keeping is:
According to Ind AS 16, if the cost of dismantling a plant in future is ₹5 lakh, and there's a present obligation, how should this be treated?
A company measures its financial asset at amortised cost. It earns fixed interest and has no intention to sell before maturity. Which Ind AS permits thi...
Current years’ proposed dividend will be:
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