SRD Law Notes

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 Reserve Ba…

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 under the …

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

Compensation on Dishonor              Chapter XII Compensation, Section 117 of the Negotiable Instruments Act 1881 provides the following rules …

Introduction -        A charted Accountant can be appointed as a Company Auditor. A Charted Accountants means a person who is a member of The…

Section 18 of the Banking Regulation Act 1949 deals with the provision Cash Reserve.  It is substituted by the amendment of 1984 w.e.f 29/…

The provision of Reserve fund is substituted by amendment of 1949 w.e.f  01/10/1959. Section 17 of the Banking Regulation Act,1949 de…

Part II Business of Banking Companies, Banking Regulation Act 1949 Section 24 speaks about maintenance of a percentage of assets.  Some pr…