MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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In whose presence the common seal of the company should be affixed on the documents?

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Important Questions on Banking Law and Practice

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 6
A company had raised a loan of Rs.30 lac for the purchase of fixed assets on the security of the assets, which has been repaid. The bank gives a certificate that the debt for which the charge was registered with the Registrar of Companies has been fully repaid and the bank does not hold any charge against the securities. Such a certificate is called:
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 7
M/S HP Limited raised a term loan from Universal Bank on March 05, 2018, to purchase fixed assets. The bank got its charge registered with ROC on March 28, 2018, after filing the particulars on March 23, 2018. The company also raised loan against fixed assets from International Bank on March 15, 2018, which got its charge filed on March 16 and registered on March 24, 2018. When the loans became non-performing advance and International Bank decided to sell the fixed assets, Universal Bank objected claiming that its charge has got priority.
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 8
In which document the borrowing powers of the Board of Directors are given?
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 9
A director of a company, who operates bank account expires. A cheque signed by him before his death has been presented in your branch. The bank would :
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 10
A company, which had raised a loan from Popular Bank has been failing in filing particulars of charge created on its assets in favour of the bank, with ROC. Who among the following, has got the right to file particulars of the charge with the registrar of companies.
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 11
Your branch is approached by a company to open a current account. They submit the Memorandum and Articles of Association and other papers along with a resolution passed by the Board. It is observed from the Articles of Association that the Board should have 5 directors for the purpose of business decisions, but the resolution has been passed by 4 directors, as the 5th one is away to UK in connection with a business trip:
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 12
A company winds up its affairs and to wind up the affairs and operate the account, the person so appointed by the court is:
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 13
A cheque issued by a director of a Limited Company is presented for payment after the death of the director which the bank pays. But the company raises the claim on the plea that the bank cannot pay such cheque after the death of the director: