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Sarfaesi ...

SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 The Sarfaesi Act, 2002 basically was designed to protect the interests of the bank as a creditor. This act provides to protect only secured creditors. This is a powerful tool in the hands of the bank for recovering non-performing assets (NPA). This […]

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Nationalisation Of Banks ...

MEANING Nationalisation is a process whereby the national government takes over the private assets into public ownership by an Act or an ordinance. 14 commercial banks were nationalised by the Government of India on July 19, 1969, through an ordinance under Article 123 of the Indian constitution which was replaced by the Banking Companies Act […]

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Sample Notice Format U/S138 of the Negotiable Instruments Act
Sample Notice Format U/S138 of the Negotiable Instruments Act ...

A notice served under Section 138 of the Negotiable Instruments Act should be issued within one month of the bounce of the cheque is sent through registered AD post only. Notice Format under Section 138 To ——————————– ——————————— Sub.:- Legal notice under Section 138 of the Negotiable Instrument Act. Sir, Under the instructions and authority from […]

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