It is smarter to have one systematized enactment than various to manage the parts of an organization which can have a solitary umbrella. The Insolvency and Bankruptcy Code in India has been into effect since 2016. Before the Insolvency and Bankruptcy Code, 2016 (hereinafter called as IBC), India had no solitary law managing an organization…
Negotiable instruments are written contracts in which their profits can be transferred from its original owner to a new owner. In other words, the Negotiable instruments are documents that promise to pay to the recipient (the person to whom it is given) or to the specified person. These instruments are transferable signed documents that promise…
The Banking Regulation Amendment bill,2020, presented by the Minister of Finance, Smt.Nirmala Sitaram, on September fourteenth ,2020, and passed on September 16,2020, was raised to amend the Banking regulation Act,1949. The pastor had said that the correction was fundamental considering the disintegrating state of agreeable banks in the country. By correcting the rule act, the…
Insolvency and Bankruptcy Code (IBC) 2016, is a bankruptcy law in India, which aims at providing speedy resolution process to the creditors for recovery of their money due from the debtors.[1] The Insolvency and Bankruptcy Code was enacted by Parliament in the Sixty-seventh year of the Republic of India. This was enacted for reorganization and…
Recently, the General Insurance Business (Nationalisation) Amendment Bill, 2021 was passed by both the Houses of Parliament i.er., the Lok Sabha and the Rajya Sabha. This Bill, which was introduced by the Finance Minister Nirmala Sitharaman, amends the General Insurance Business (Nationalisation) Act, 1972. The 1972 Bill was aimed at nationalizing the insurance sector across…
Introduction The economic efficiency and stability of a country is dependent on the payment and settlement system in that country. As a result, the central bank, have been regularly and consistently revising the policies to ensure the development of payment system at the national level. The responsibility of a central bank of any given country…
Forex Trading is a really worthwhile funding choice for retail financers. Yet, the absence of information, assets, and ambiguous authorities, and legal guidelines has deterred retail working-class economic backers from taking an interest in the forex markets. The trading market or the Forex market is a globally decentralized or OTC (Over the top) market for…
NEGOTIABLE INSTRUMENT ACT- 1881 The Negotiable Instrument Act 1881 is an act in India dating from the British colonial rule that is still in force largely unchanged. The act was enacted on 9th December 1881 and commenced from 1st March 1882. A Negotiable Instrument means a promissory note or bill of exchange or…
Despite its common usage and perception, what corruption means is surely enigmatic. Corruption is more like a multi-focal, multivariate and mutli-dimensional eternity of socio-political system. Dictionary meaning of corruption implies deviation from the expected or ideal form; it is all about dishonest, illegal or immoral act or behaviour especially of someone having power. Concise Oxford…
We used to talk about a lot of things, and very few times it was related to the study. We even made a special WhatsApp group for our close friends. We used to do some really interesting chats there. Many of the boys from that group started flirting with girls, and many tried flirting with…
