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Explain the main provision of Banking Regulation Act 1949 ?

Explain the main provision of Banking Regulation Act 1949 ? There are main Provision of Banking Regulation Act 1949 :- Use of words ‘bank’, ‘banker’, ‘banking’ or ‘banking company’ (Sec.7): According to Sec. 7 of the Banking Regulation Act, no company other than a banking company shall use the words ‘bank’, ‘banker’, ‘banking’ or ‘banking company’ and no company shall carry on the business of banking in India, unless it uses the above mentioned words in its name. 2. Prohibition of Trading ( Sec.8): According to Sec. 8 of the Banking Regulation Act, a banking company cannot directly or indirectly deal in buying or selling or bartering of goods. But it may, however, buy, sell or barter the transactions relating to bills of exchange received for collection or negotiation. 3. Disposal of banking assets (Sec.9): According to Sec. 9 “A banking company cannot hold any immovable property, howsoever acquired, except for its own use, for any period exceeding seven years from the date of

What do understand by valuation of goodwill ? Explain methods of goodwill ?

What do you understand by valuation of goodwill and Explain the method of valuation of goodwill ? Introduction of Valuation of Goodwill :- Goodwill is primarily an intangible asset that is related to the purchase of one company by another. The concept covers such portion of the purchase price, which is higher than the total of the net fair value of the assets that have been bought. The importance of goodwill may be understood by its importance for increasing the business value. It is also instrumental in acquiring more customers. In common parlance, the goodwill of a company is understood to be its proven track record. There are a whole host of factors that influence the goodwill of a company. Such factors are more likely to include the capital requirement nature of business, market situation, reputation of owners and profit trends, among others. An example of goodwill :- When company X purchases company Y for greater than the fair value of company X’s debts and assets,

SYLBASS OF B. COM 2nd year FOR ALL UNIVERSITY OF M.P

SYLBASS OF B.COM 2nd year FOR ALL UNIVERSITY OF M.P

Assignment KI DUNIYA

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