What is bank Draft? What are the Characteristics of Bank Draft

Meaning and Definition of Bank Draft -          The Term 'Draft' has not been included in the definition of  Negotiable Instrumen...

Parties to Negotiable Instrument | Banking Law

Meaning and definition of Negotiable Instrument -       According to Black's dictionary of Law Negotiable instrument is written and...

Articles of the Universal Declaration of Human Rights and Constitution of India

 1] Article 1 of the Universal Declaration of Human Rights and Preamble of the Constitution of the Indian Constitution -    Article 1 -...

Insurance Regulatory and Development Authority

Establishment and Incorporation of Authority -          (1) With effect from such date as the Central Government may, by notification, ap...

Power of bank to file winding up petition (Section 45MC of the Reserve bank of India Act 1934)

Power of bank to file winding up petition (Section 45MC) - According to Section 45 MC update Reserve Bank of India Act 1934 -   ...

Management of Reserve Bank of India (Section 7 of RBI Act)

           Reserve Bank of India Act was passed in 1934  and The Reserve Bank of India was established in the year 1935. Section 7 of The R...

Departments of Reserve Bank of India

   As we all know that the Reserve Bank of India is the central bank of the country.  Reserve Bank of India was established in April 1935 u...

Power and Functions of Reserve Bank of India (RBI) Section 36 Banking Regulation Act, 1949

Introduction -           The Banking Regulation Act 1949,  Section 36 of the said Act deals with the power and functions of Reserve Bank...

Compensation on Dishonor | Banking Law

Compensation on Dishonor              Chapter XII Compensation, Section 117 of the Negotiable Instruments Act 1881 provides the followi...