WebSuch convicts used to get elected as Members of Parliament and Members of State Legislative parties. And then they used to run government from jail. This practice stopped after this lady advocate... Web9 Aug 2024 · Facts- The RBI on 6th April 2024, issued a Circular banning entities including banks from dealing with individuals or companies dealing in or facilitating banking transactions relating to Virtual Currencies (VCs) which eventually resulted in the virtual currency market in India coming to a standstill.
Section 26 in The Reserve Bank of India Act, 1934
Web2 Jan 2024 · Section 26(2) of the RBI Act . According to Section 26(2) of the RBI Act, the Central Government may declare, with effect from the date specified in the notification, … Web25 Nov 2024 · Section 21 : It entrusts the RBI with the management of the public debt and with the issue of loans to the Central government. Section 22 : It gives the RBI the sole … oriel bank high school
Supreme Court’s Verdict on Demonetisation - drishtiias.com
WebSection 26 in The Reserve Bank of India Act, 1934 26. Legal tender character of notes.— (1)Subject to the provisions of sub-section (2), every bank note shall be legal tender at any place in 1[India] in payment, or on account for the amount expressed therein, and shall be … WebSec-1: Income Tax Act 1961, which came into force from 1st April 1962. Sec- 2(7): Assesse ... However, in certain cases 40A(3) is not applicable for example- payment is made to RBI, Bank, LIC, Payment to Govt., Debit & Credit card, LC, Mail or telegraph transfer etc. ... One hold 26% shares - 10% interest Sec-92C- Computation Arm’s Length ... Web11 Apr 2024 · Note – RBI has issued the directions in exercise of the powers conferred by Section 35A read with Section 56 of the Banking Regulation Act, 1949; Section 45L of the Reserve Bank of India Act, 1934 and Section 11 of the Credit Information Companies (Regulation) Act, 2005. a.Regulatory and Supervisory requirements for the REs: i. how to use wasd on osrs