Introduction Insurance Policy is a standard legal agreement between an individual and the insurance company entered to confer protection (financial coverage) as promised by the insures to insured against the contingencies. Today, it has developed into insurance with investments. The …
ABSTRACT “To regulate the issue of Bank notes and the keeping of reserves to secure monetary stability in India and to operate the currency and credit system of the country to its advantage”. -Objective of the RBI The only bank …
A negotiable instrument is a document which is signed that promises a sum of payment to the assignee or specified person. These instruments are considered to be written contracts that can be transferred from one person to the other. These …
The advent of modern business practices contributed to the growth of newer ways of facilitating financial transactions. Previously, cash was the most usual mode of exchanging goods and services for their value. The hike of negotiable instruments, however, brought radical …
Introduction The introduction of the insolvency and bankruptcy law is better understood in connection with the country’s growing bankruptcy decisions in connection with other developing and industrialized countries around the world. According to the World Bank (2015 report), India took …
INTRODUCTION The Negotiable Instruments Act came into action, in 1881. Before the act was enacted, the sections of the English legal instrument Act were applicable in India, and therefore the present Act is there in relied on the English Act …
INTRODUCTION Before November 2016, there were a number of scattered bankruptcy laws which needed to be brought under one umbrella and this one ensured when the Indian Parliament passed the Insolvency and Bankruptcy Code, 2016. The Insolvency and Bankruptcy Code, …
In 2016, India embarked on a landmark reform of providing a sturdy platform for resolution of troubled corporate entities. In principle, insolvency and bankruptcy are covered in the Seventh Schedule under the Concurrent List in the Constitution of India, permitting …
What is Insolvency and Bankruptcy Code? The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which tries to merge the current structure by making a solitary law for indebtedness and liquidation. The Insolvency and Bankruptcy Code, …
“A negotiable bill or note is a courier without luggage.”[1] – John B Gibson The transaction is an important part in everyday life. For a transaction to be complete it is important to have the required documents to verify the …