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What is Compounding, Compounding of offenses (Section 320 of the Code of Criminal Procedure)

Introduction -       A composition is an arrangement whereby there is the settlement of the differences between the injured party and the person …

Juvenile Justice Board (Section 4 to Section 9)

Juvenile Justice Board (Section  4 )  -          Notwithstanding anything contained in the Code of Criminal Procedure, 1973, the State Governme…

What is Arrest, Types of Arrest

What is arrest -        The term "Arrest" is not defined either in the code of criminal procedure or in the various substantive Acts. Th…

Non Banking Financial Companies (Reserve Bank Of India Act 1934)

Introduction -      Chapter III B of the Reserve Bank of India Act,1934 the provisions relating to non-banking institutions receiving deposits and…

General Relationship between Banker and Customer

Introduction          The Relation between Banker and Customer is Contractual. It is regulated by general provisions of the law of contract. The …

Licensing of banking companies (Section 22 of the Banking Regulation Act 1949)

Licensing of banking companies -               According to Section 22 (1) of the Banking Regulation Act, 1949 no on company shall carry on banki…

Reinsurance (Insurance Act, 1938 Section 101A to Section 101C )

1) What is Reinsurance -        Reinsurance is a risk transfer mechanism whereunder an insurance company passes on the risk on an insurance polic…

Persons Entitled to payment under Life Insurance

What is insurance -        Insurance is a plan which ensures certainty of payment for the uncertain loss. The aim of all kinds of insurances to pr…
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