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controller and treasurer be adopted under Indian context

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11y ago

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How many owners does a limited company have?

Well it depends on the law of the land... in the Indian context, minimum 2 persons are required to create a Pvt Ltd Co.


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MPBF stands for Maximum Permissible Banking Finance in Indian Banking Sector. MPBF guidelines were suggested in Tandon commettee which were being followed by Indian Banks with lot of stringency. Corporates faced lot of problem in getting Finance from banks on account of stringency of the norms and they had to resort to other sources of finance at a higher cost these norms were dissolved. Consequently SBI, India's largest bank came out with its own guidelines which were on the similar lines but with relaxed norms which are being followed by all banks with slight personalisation and referred to as modified MPBF System in Indian context.


Why is the Indian currency written as Rs xxx crone?

The Indian currency is often written as "Rs xxx crore" to denote amounts in Indian Rupees (Rs) and to express large sums in crores, a term commonly used in India and other South Asian countries. One crore equals ten million (10,000,000), making it easier to convey large figures without using excessive digits. This notation is widely understood in the Indian context, reflecting the country's numerical system and financial practices.


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This is mainly in Indian context. Speed money: The most rampant form of corruption is the so-called `speed money'... Officials often create circumstances where for routine issues, like better terms of payment, you may have to line (their) pockets


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