Explanation

Net Assets = Total Assets – Total Liabilities.

It represents the actual value owned after paying off all obligations.

Explanation

: The Punjab Employment of Renters Act (PERA) prescribes a maximum of 6 months imprisonment or a fine up to Rs. 300,000, or both, for violations.

Explanation

The second appeal to the relevant Court must be filed within 45 days after the Commissioner's decision, as per PERA guidelines.

Explanation

Section 52 of the PERA provides that an appeal can be filed before the Commissioner within 30 days from the order of the lower authority.

Explanation

Section 10 of the Colonization of Government Lands Act grants the Board of Revenue the power to abrogate or modify any conditions imposed on land allotments.

Explanation

When a person entrusted with property (like a cashier) dishonestly uses it for personal gain, it amounts to criminal breach of trust under Section 405 PPC.

Explanation

These offences involve dishonest conduct relating to property or financial matters, hence classified as economic offences.

Explanation

Section 79 PPC clarifies that a person acting under a mistake of fact, and not of law, may not be liable.

Ignorance of law is not an excuse.

Explanation

Article 29 outlines the Principles of Policy, guiding the state to promote welfare, justice, and equality, though not enforceable in court.

Explanation

They are guiding principles for governance but not enforceable by courts as legal rights.