In case of an Indian banking company, the sum of its paid-up capital and reserves if it has places of business in more than one State shall not be less than

Related MCQs

• In case of banking company incorporated outside India, aggregate value of its paid-up capital and reserve shall not be less than Rs. __________.
• In the case of a banking company incorporated outside India balance-sheet and profit and loss account shall be signed by _________ of the company.
• Banking company means any company which transacts the business of ________.
• According to Sec. ______, a banking company is not permitted to pay directly or indirectly by way of commission, brokerage, discount or remuneration on issues of its shares in excess of 2½% of the paid-up value of such shares.
• Which of the following is/are true about bill of exchange? A) A bill of exchange requires in its inception two parties. B) A bill of exchange or “draft” is a written order by the drawer to the drawee to pay money to the payee. C) Bills of exchange are used primarily in international trade, and are written orders by one person to his bank to pay the bearer a specific sum on a specific date. D) Definition of ‘Bill of Exchange’ is mentioned in Section 6 of the Negotiable Instrument Act.
• Contigent Liabilities in case of banking Companies are included in_________.
• Change of name by a banking company only happens with the approval of __________?
• In which year, the Banking Regulation Act was amended to include cooperative banks under its purview by adding the Section 56.
• Who has the power to give directions to other Banking Companies?
• As part of a mortgage agreement, a financial institution places a lien on the property until the loan is paid in full.