SRD Law Notes

Introduction -         The Banking Companies Act 1949 was passed to consolidate and amend the law relating to banking companies.  This Act came in…

Who is a customer? Meaning of a customer -    According to the Chambers dictionary," a customer is one who is accomplished to frequent a cer…

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…