The National Bank For Financing Infrastructure and Development Act 2021.
Financing is the key factor of banking in any sector. Providing infra-structure for financing is the back bone of any […]
Category: Banking Laws
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The Specified Bank Notes (Cessation of Liabilities) Act, 2017
In order to clarify the confusions created by the cessation of certain indispensable Indian currencies the Union Government had passed an ordinance in 2016 and on 27th February 2017 The Specified Bank Note (Cessation of Liabilities) Act 2017 was enacted through extra ordinary Gazette Notification. This act is a concise act with 13 sections and one chapter specifying every details about holding and transaction of ceased currencies and the consequences and penalties of doing so by any of the citizens in the country.
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The Aadhaar (Targeted Delivery of Financial and other Subsidies, benefits and services) Act, 2016
The introduction of Aadhaar was an absolute reformation with regard to the identification of the citizens in India. Each and everyone of the country are subjected to provide their identification details to the government for all activities pertaining to the legal and Governmental policies and projects.
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The Insolvency and Bankruptcy Code 2016
A landmark enactment for the purpose of ensuring economic stability and progress was notified on the gazette on 28th May 2016 as The Insolvency and Bankruptcy Act 2016. As the existing insolvency laws to recover the public debt became insufficient, the necessity of this enactment was inevitable. The purpose of this enactment at a glance is to bring the equity owners or holders debt obligations are transferred to the creditors through aligning of insolvency laws in national and international standards.
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Axis Bank Vs SBS Organics Pvt. Ltd & Anr, on 22nd April, 2016; Supreme Court of India: Case Brief – Read Judgment
Amount deposited as pre-condition for appeal before Tribunal should be returned back on withdrawal of the case by the depositor […]
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UCO Bank Vs. Saumyendra Roy Choudhury & Ors, 5th May 2016, Supreme Court of India: Case Brief – Read Judgement
Election of Shareholder Director: Court remanded case back to Nomination Committee, to look into Respondent’s election afresh Civil Appeal No. […]
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Chamoli Dist. Coop. Bank Ltd. Tr. Sec.& Anr Vs. Raghunath Singh Rana & Ors, on 17th May 2016, Supreme Court of India: Case Brief – Read Judgement
Process of Dismissal from Service: Court observed that ‘holding of an inquiry being mandatory requirement of a disciplinary inquiry’ in […]
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The Regional Rural Banks (Amendment) Act, 2015
The Act to further amend the provisions of the Regional Rural Banks Act, 1976 (Act no. 21 of 1976) is […]
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The Regional Rural Banks Act, 1976
The Regional Rural Banks Act has been incorporated on 9th February, 1976. This Act has been established to incorporate, regulate […]
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The State Bank of India (Subsidiary Banks) Act, 1959
The State Bank of India (Subsidiary Banks) Act, 1959 (Act no. 38 of 1959) being the Act of parliament was […]
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The State Financial Corporations Act, 1951
An Act of Parliament enacted with the short title as ‘The State Financial Corporations Act, 1951’ (Act no. 63 of […]
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The State Bank of Hyderabad Act, 1956
An Act of Parliament being the State Bank of Hyderabad Act, 1956 (Act no. 79 of 1956) was enacted by […]