Bare Acts
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Introduction The Payments and Settlement Systems Act, 2007 (PSS Act) is a significant piece of Indian legislation which was enacted by Reserve Bank of India (RBI) that handles the oversight and regul
Can A Shopkeeper Refuse To Take Rs 2000 Notes?
The public is again in panic after the Reserve Bank of India announced to discontinue the Rs 2000 currency All the banks are instructed not to issue ₹ 2000 notes. However, the currency will be consi
FREE Accidental Insurance Cover Upto Rs 10 Lakh That Comes With Your ATM
Have your bank informed you about this free insurance cover that you get with an ATM card? As per the Reserve Bank of India’s data, Indian banks have issued over 92 crore debit cards as of Septe
Legal Requirements To Start A Business In India
India is embracing startup culture and 1991’s LPG (Liberlisation, Privatisation and Globalisation) Reforms have played a significant role in this revolutionary change. Startup culture has led to
Open Market Borrowings By States: RBI Guidelines For Open Market Borrowings
Abstract On 25 March 2020, amid the spread of unprecedented and life-threatening coronavirus which led everyone locked up in their homes, and resulted in the shutting down of the markets all over the
Private Cryptocurrency Ban In India And Everything You Need To Know About Cryptocurrency
The Centre government has proposed to introduce Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the coming winter session. This is among the 26 legislations tabled for this wi
The IBC 2016: Redefining Insolvency Law in India and COVID-19 Ramifications
Amidst several reforms presented by the Government for the promotion of ‘Ease of Doing Business’ in India, one landmark development in the dynamic world of insolvency and bankruptcy was the introd
Private Equity in India: Evolution and Legal Overview
The Indian economy, since the 1991 reforms has been on a growth trajectory and several advanced steps have been taken in all fields such as Banking, Legal Policy, Finance, Investment Policies, etc. Ca
The WORLD BANK GROUP is an association comprising of five of the world’s largest loan granting international organizations. The group is also an observer at the United Nations Development Group. The
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. T
Promissory Note is the written note made by the payer which contains the promise to pay a certain amount of money on a specified date or on-demand to the payee or the bearer of the note. In short, it
MEANING Nationalization 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 nationalized by the Governm
Overview Bill of exchange is a type of negotiable instrument in which a written, unconditional order made by one party (drawer) is transferred to another (the drawee) to pay a certain sum of money, ei
Cheque Bounce/ Dishonour u/s 138
Cheque Bounce/ Dishonour u/s 138 of Negotiable Instruments Act, 1881. This article holistically informs about Cheque Bounce/ Dishonour u/s 138 while highlighting; The law. The procedure. The approach
INTRODUCTION E-banking is a banking system which offers many services to their customers which includes accepting money, providing various banking services to customers, and providing loans to individ
A mortgage is a legal agreement according to which an authority lends money at an interest in exchange for taking the title of the debtor’s property, with the condition that the conveyance of ti
Things NRIs should know about buying a property in India
The real-estate sector in India is booming and every smart investor wants to make money out of this opportunity, so investing in the same is a profitable venture being explored by the NRIs as well.
Insolvency and bankruptcy are concepts related to a business or a person who is unable to repay outstanding debts. The process of Bankruptcy begins with a petition filed by the debtor or on behalf of
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
Article on E-commerce Laws in India
Overview The E-commerce sector in present days is witnessing an unprecedented rise, wherein the online buyers are no more limited to the younger ones but include the elder ones. People in present worl
Article on bill of exchange under Banking Law
OVERVIEW Bill of exchange is a type of negotiable instrument in which a written, unconditional order made by one party (drawer) is transferred to another (the drawee) to pay a certain sum of money, ei
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