Conciliator would independently investigate into the dispute and draft his report indicating the method of settlement of disputes.

Related MCQs

• 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.
• In case collection of a bank draft the collecting banker is protected against conversion under _____ section of Negotiable Instruments Act 1881.
• The best procedure for opening an account in the name of a minor X and the guardian Y would be under the style.............
• A cheque has been deposited by a customer with his bank for collection. The bank allows overdraft against the security thereof. The bank becomes
• When the cheque is dishonored, the collecting banker is not bound to give notice of the same to his customer within a reasonable time.
• In case a collecting banker has realized the cheque, he should pay the interest to the customer as per his (customer’s) direction.
• Special damages refers to damages payable by a banker to his customer for the actual ------------- loss suffered by customer.
• ---------- is the right of a person to retain the property of another person in his possession untill the debt from that owner of that property is repaid.
• The services rendered by a banker as an agent of his customers are called
• Services rendered by a banker not only to his customers, but also to the general public are called as