The Patent Treaty is an international treaty that includes more than 150 states contracting to make it easier to seek patent protection for an invention in more than one country simultaneously.
Section 143 of the Companies Act, 2013, along with Chapter X the Companies (Audit and Auditors) Rules, 2014, provides the powers and duties of auditors.
Such as where banks can accept demand deposits, NBFCs cannot; Banks form part of the payment and settlement system, and NBFCs do not; similarly, Banks can issue cheques drawn on itself and NBFCs cannot do such.