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  1. The financial system is an organized and regulated structure where an exchange of funds takes place between the lender and the borrower. It supplies the necessary financial inputs for the production of goods and services, in turn, promotes the well-being and standard of living of people in the country. Definition of the Financial System:

  2. Lee the court ruled that there could be a corporate tax, essentially saying the structure of business was a justifiably discriminatory criterion for governments to consider when writing tax legislation. This was a unique ruling handed down during a unique time in US history that denied a corporation freedom it sought in the courtroom.

  3. 39. While considering classifications of companies in Chapter III of this Report, the Committee discussed the manner in which company law should apply to Government companies (Chapter III, para 7.1-7.4). The law should clearly provide the definition of a Government company in context of ownership of the Central and/or State Government.

  4. i STUDY MATERIAL FOUNDATION PROGRAMME BUSINESS ENVIRONMENT AND LAW PAPER 1 ICSI House, 22, Institutional Area, Lodi Road, New Delhi 110 003 tel 011-4534 1000, 4150 4444 fax +91-11-2462 6727

  5. An ‘LLP owned by persons resident outside India’ shall mean an LLP that is owned by persons resident outside India. (d) ‘Control’ shall mean the right to appoint majority of the directors or to control the management or policy decisions including by virtue of their shareholding or management rights or shareholders agreement or voting ...

  6. A Zero Energy Building (ZEB), also known as a Net Zero Energy (NZE) building, or a Zero Net Energy (ZNE) building, is a building with net zero energy consumption, meaning the total amount of energy used by the building on an annual basis is equal to the amount of renewable energy created on the site or in other definitions by renewable energy sources offsite, using technology such as heat ...

  7. Annex A. Salient features of Portfolio Investment Scheme (PIS) for investments by a Non Resident Indian (NRI) a) An NRI intending to buy and sell shares / convertible debentures of an Indian company through a registered broker on a recognized stock exchange in India will apply in prescribed form to the designated branch of AD bank for participating in the Scheme on repatriation and / or non ...