SRD Law Notes

What is Hundi/Poorja -     A  Hundi may be defined as a bill of exchange drawn in a vernacular language in accordance with the custom of local me…

Meaning and Definition of Bank Draft -          The Term 'Draft' has not been included in the definition of  Negotiable Instruments given …

Meaning and definition of Negotiable Instrument -       According to Black's dictionary of Law Negotiable instrument is written and signed t…

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

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

Power of bank to file winding up petition (Section 45MC) - According to Section 45 MC update Reserve Bank of India Act 1934 -          (1…

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 …