Loading...
KYC

KYC NORMS : AN Overview

/ | Leave a Comment

INTRODUCTION Way back to the second half of 2002, it is then RBI directed all the banks to implement the KYC guidelines for all the new accounts that will be further getting into operation. The main purpose of KYC norms was to restrict money laundering and terrorist financing when it was introduced in the late […]

Read more »

Transfer Pricing: Capacity utilization adjustments

/ | Leave a Comment

Transfer Pricing: Capacity utilization adjustments Tax authorities worldwide are investigating transfer pricing arrangements with increased vigour. In India too one witnesses the multifold increase in transfer pricing disputes and adjustments to the tune of INR 46,465 crore . One such issue, which has been the subject matter of dispute and very little guidance, is discussed […]

Read more »

Private Equity Investments – A Brief Overview

/ | Leave a Comment

Saloni Mody Dalal Private Equity (“PE”) financing has emerged as a major investor class and has been a driver of economic growth of companies over the world. This note summarizes the key steps involved in consummation of a PE investment. In order to make a PE investment, the PE investor has to undertake a series […]

Read more »

A Critical essay on compounding of offenses under Companies Act, 2013

/ | 1 Comment on A Critical essay on compounding of offenses under Companies Act, 2013

INTRODUCTION An ‘offence’ is defined as ‘any act or omission made punishable by any law for the time being in force’ under Section 3(38) of the General Clauses Act, 1897. Section 2(n) of Criminal Procedure Code 1973 (‘CrPC’) also defines ‘offence’ in the same way. A person guilty of committing an offence is liable to […]

Read more »

Reverse Mortagage

/ | 5 Comments on Reverse Mortagage

A ‘Mortgage’ means transfer of an interest in a specific immovable property for the purpose of securing the payment of money advanced as a loan, an existed or future debt. The transferor is called a ‘Mortgagor’ and transferee a ‘Mortgagee’ and an instrument by which transfer is made called ‘MORTGAGE DEED’ which actually depends upon […]

Read more »

E-BANKING SYSTEM IN THE BANKING SECTOR

/ | Leave a Comment

1. Introduction: The process of globalization and liberalization has virtually transformed the way of business across the globe. The technological innovation of improvements in the communication networking helped the banking sector activities through re-engineer its works. E-Banking is considered as an important input for rapid growth of economic development by providing mechanism of electronic inputs […]

Read more »

Stamp Duty on Consortium Documents

/ | 12 Comments on Stamp Duty on Consortium Documents

Question: Whether Joint Deeds of Hypothecations and Joint Deeds of Mortgages executed in Consortium Finance are covered under Section 5 or under Section 6 of Bombay Stamp Act or they do embrace separate and distinct matters or transactions or not? Whether or not they are liable to be stamped as separate instrument with separate stamp […]

Read more »

Recovery of dues by banks

/ | 14 Comments on Recovery of dues by banks

1.         Introduction: Most of the companies and us approach Banks and Financial Institutions for loans. The reason for the loan may differ from person to person and company to company. All Banks should function in accordance with the guidelines/norms issued by the Banker’s Bank ‘The Reserve Bank of India’. Subject to the lending norms of […]

Read more »

ISLAMIC BANKING – TUSSLE ENDS BETWEEN RELIGION AND ECONOMICS

/ | 1 Comment on ISLAMIC BANKING – TUSSLE ENDS BETWEEN RELIGION AND ECONOMICS

Economists have proven that the wider the freedom of choice is, the higher the level of social welfare. In addition, wider choice implies greater respect for human rights. When an alternate concept such as Islamic banking is introduced, a new choice is open to the market, with obvious social and economic benefits. Competition, not just […]

Read more »

Para-Banking activities and A Checklist for Indian Banks

/ | Leave a Comment

INTRODUCTION   Para Banking is a kind of banking wherein money is accepted for the purpose of saving from an individual as in case of a normal banking function. The acceptance of money under Para Banking is scheduled daily, monthly, quarterly, half yearly, yearly and even for fixed period for more than 01 year.   […]

Read more »

Third party rights in banking law : SARFASI Act, 2002

/ | Leave a Comment

The object of SARFASI Act, 2002 is very good aiming at reducing ‘Non-performing Asset”, the constitutional courts had to interpret the provisions of the Act dealing with many complicated issues and keeping in view the interest of the borrowers. Many issues under the provisions of SARFASI Act, 2002 are settled now. The two most important […]

Read more »
Indemnity in Insurance Claims

Extent of Indemnity in Insurance Claims

/ | Leave a Comment

This article tells about how much indemnity could be given in an insurance claim ? and what is the basic difference between law relating to indemnity and to insurance in india? Introduction———- Indemnity in insurance compensates the beneficiaries of the policies for their actual economic losses, up to the limiting amount of the insurance policy. […]

Read more »

THE ENTRY OF NEW BANKS IN THE PRIVATE SECTOR – A BOOST TO FINANCIAL INCLUSION

/ | Leave a Comment

  PRESENT BANKING POSITION It is general principle that greater financial depth, stability and soundness contribute to economic growth. But broadening and deepening the reach of banking is the important factor for growth to be truly inclusive. The union finance minister in his budget speech for the year 2010-11 had announced that ‘The Indian Banking system […]

Read more »
Cookies help us deliver our services. By using our services, you agree to our use of cookies. More Information