July 2023 Flashcards
Hindu Succession Act 1956 is applicable to Hindus only (T/F)
False. It applies to Hindus, Sikhs, Jains & Buddhists
Place in India where a civil code is practiced?
Goa - Portuguese civil code of 1867
A codified Hindu Law was recommended by?
B N Rau Committee (1941)
Acts enforced by ED?
PMLA, COFEPOSA, FEMA, FEOA
ED works under?
Dept of Revenue, Min of Finance
ED director is appointed as per provisions of?
CVC act, 2003
Tenure of ED director?
Should be min 2 years (Max 3 annual extensions)
ED has the power of civil court? (T/F)
True
FEMA has empowered the ED to hold an enquiry against any person/entity who is alleged to
have committed a contravention of the provisions of FEMA or rules and regulations made thereunder. (T/F)
True
ED can investigate and make arrests for violation of the ________ & __________ without waiting for registration of a formal FIR by police.
Prevention of Money Laundering Act (PMLA)
2002 and FEMA 1999
Statements recorded by ED officials can be admitted as evidence in court. (T/F)
True. As put by SC in 2022
Three national-level MSCS under MSCS Act, 2002
National Multi-State Cooperative Export Society, National Multi-State Cooperative Organic Society and National Multi-State Cooperative Seed Society.
A sick multi-state co-operative society is one that has:
- Accumulated losses equal to or exceeding the total of its paid-up capital, free reserves, and surpluses, and
- suffered cash losses in the past two financial years.
Shares held by the central and state governments cannot be redeemed without the shareholder’s approval. (T/F)
True
The MSCS amendment bill 2023, establishes a Co-operative Election Authority. (T/F)
True
