BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IBAI was incorporated as a Company under Section 25 of the Companies Act, 1956. What is the meaning of “B” in IBAI?
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Basel
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Broadcasting
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Board
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Brokers
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Explanation:
Detailed explanation-1: -Section 8 of the Companies Act, 2013 includes other objects such as sports, education, research, social welfare and protection of environment among others. While it could be a public or a private company, a Section 25 company is prohibited from payment of any dividend to its members.
Detailed explanation-2: -Insurance Brokers Association of India (IBAI) was incorporated as a Company under Section 25 of the Companies Act, 1956 vide Certificate of Incorporation No.
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