Compounding of offence possible in case of ?
Anonymous Quiz
33%
Imprisonment and Penalty
43%
Imprisonment or Penalty
14%
Only Imprisonment
10%
None of the above
Once the benami property acquired have been identified. Which authority has power to confiscate the property ?
Anonymous Quiz
23%
Initiating Officer
9%
Administrator
16%
Approving Authority
52%
Adjudicating Authority
Which of these are not common practices scheme of Money Laundering ?
Anonymous Quiz
8%
bribery and corruption
10%
false declarations under Custom Act
32%
usage of false trade mark/copyrights
50%
possession of foreign currency over and above limit
Which of the following is not duties of CCI under Competition Act,02 ?
Anonymous Quiz
5%
to promote and sustain competition
4%
to protect interest of consumer
43%
to ensure freedom of trade by Indian Supplier in Global market
49%
None of the above
Operate independently of competitive forces prevailing in the maket is ?
Anonymous Quiz
50%
Abuse of Dominance
15%
Anti Competitive agreements
9%
Combinations Regulation
26%
Competition Advocay
Liquidation process under IBC will not be initiated under which circumstances ?
Anonymous Quiz
13%
COC do not approve Resolution plan
12%
NCLT rejects the Resolution plan
55%
COC resolve to liquidate with 51%
20%
Debtor contranvens the approved resolution plan
What is agenda of first meeting of COC under IBC 2016 ?
Anonymous Quiz
9%
prepration of draft resolution plan
3%
discuss the status of CIRP
7%
collection of information from Interim Resolution professional
82%
appointment of IRP as RP or appointment of another RP
Application in relation to combination to be filed within how many days to DG?
Anonymous Quiz
66%
within 30 days
13%
within 45 days
15%
within 60 days
6%
None of the above
Which transaction does not fall under Capital account transaction as per fema ?
Anonymous Quiz
9%
transaction that alter assets and liabilties of NR in India
20%
transaction that alter assets and liab. (including contingent liab.) of Residents outside India
42%
transaction relating to t/f of security by branch in India of a Co. Resident outside India
28%
transaction that alters assets and liab. (including Cont. Liab.) of NR in India
Builder is planning to develop project in different phases then he is required to obtain registration under RERA, 2016
Anonymous Quiz
7%
only once for all phases
89%
for each phase separately
3%
as and when project commences registration
0%
None of the above
As per PMLA,2002, person on whose behalf transaction being conducted is known as
Anonymous Quiz
9%
Client
88%
Beneficial Owner
2%
Bank
1%
Authorized Dealer
As per PMLA,02 property can be provisionally attach for
Anonymous Quiz
5%
60 days
5%
120 days
84%
180 days
6%
365 days
Under PBTA,1988 who is responsible to issue notice for furnishing evidence to the parties under Benami transaction
Anonymous Quiz
21%
Approving Authority
28%
Adjudicating Authority
48%
Initiating officer
3%
Administrator
What is not the part of responsibilty of Bank under PMLA,02
Anonymous Quiz
37%
Report suspicious transactions
39%
Furnish all information to ED
15%
Verify identity if clients and BO
8%
maintain records of transaction for 5 years
Whether scheme of IBC,2016 contemplates that sum forming part of Resolution Plan should match with Liquidation value ?
Anonymous Quiz
14%
Yes it should match
83%
No there is no provision or regulation to match Resolution plan with liquidation value
1%
It depends on NCLT decision
2%
It depends on COC
Whether it is permissible to initiate CIRP under section 7 against Debtor and Guarantor for same set of claims ?
Anonymous Quiz
45%
Yes ,allowed
55%
No, not allowed
Whether liquidator required to pay gratuity/pf to Employees if no fund was created by Company ?
Anonymous Quiz
34%
Yes as it is statutory requirement
59%
No as it doesnt form part of liquidation estate
6%
Depend on Plan of liquidator
2%
None of the above
Is it necesary to provide grounds for arrest under Section 19 of PMLA,02 ?
Anonymous Quiz
11%
No, as it is Cognizable offence
49%
Yes , grounds to be provided
40%
No, as it is congnizable and non bailable offence
0%
None of the above
Penalty on Authorised Dealer for non compliance of RBI under FEMA,02 ?
Anonymous Quiz
47%
10000 and 2000 daily till contravention continues
7%
2000 daily till contravention continues
27%
10000 or 2000 daily till contravention continues
19%
2 lac and 5000 daily till contravention continues
Which among the following constitutes a default under IBC 2016 ?
Anonymous Quiz
3%
Non payment of creditor's claim
6%
when both principal and interest are unpaid
37%
liability or obligation in respect of claim shall become due and payable and remains paid
54%
non payment of financial or operational debt
IRP shall hold office till
Anonymous Quiz
5%
30 days from insolvency commencement
15%
till the first meeting of COC
78%
till Resolution professional appointed
1%
till notified by AA