Banking & Insurance Acts & Rules

NIA gets Jundal’s custody till Oct 20

LeT operative and key 26/11 handler Syed Zabiuddin Ansari alias Abu Jundal was on Monday handed over to the National Investigation Agency (NIA) for custodial interrogation by a Delhi court. During the proceedings, Jundal claimed that he had been “tortured” by various agencies that interrogated him since his arrest in June. Jundal was produced before  [ Read More ]

Three J-K natives let off in fake currency case

Three Jammu and Kashmir natives, facing trial for allegedly possessing fake currency, have been let off by a Delhi court due to the prosecution’s failure to prove charges against them. Additional Sessions Judge Savita Rao acquitted Jammu and Kashmir natives Ezaz Ahmad Wani, Shabeer Ahmad Peer and Nazeer Ahmed Khan of the charges of possessing  [ Read More ]

Widow should get insurance compensation: HC

Granting respite to a woman whose husband was killed in a mishap, the Nagpur bench of the Bombay High Court has ruled that even if she got employment on compassionate grounds, she is entitled to receive full compensation from the insurance company. The High Court, yesterday, dismissed an appeal filed by New India Assurance Company  [ Read More ]

Verdict reserved on pleas of Dutt, blast convicts

After a marathon ten-month-long hearing, the Supreme Court today reserved its verdict on a bunch of appeals and cross-appeals in the 1993 Mumbai serial terror bombing case in which 257 people were killed and 713 others were injured. A bench of justices P Sathasivam and B S Chauhan had begun hearing on November 1, 2011  [ Read More ]

THE NEGOTIABLE INSTRUMENTS ACT, 1881

CHAPPRELIMINARY PRELIMINARY     1.Short title. 1.Short title. This Act may be called the Negotiable Instruments Act, 1881.Local extent. Saving of usages relating to hundis, etc. It extends to the whole of India but nothing herein contained affects the Indian Paper Currency Act, 1871, (3 of 1871). section 21, or .affects any local usage relating  [ Read More ]

THE LEGAL TENDER (INSCRIBED NOTES) ACT, 1964

An Act to restrict the negotiability of currency and other notes inscribed with messages of a political character.BE it enacted by Parliament in the Fifteenth Year of the Republic of India as follows:-   1.Short title and extent. 1. Short title and extent. (1) This Act may be called the Legal Tender (Inscribed Notes) Act,  [ Read More ]

BANKING REGULATION ACT, 1949

PART 1 :- PRELIMINARY 1. Short title, extent and commencement (1) This Act may be called the Banking 2[Regulation] Act, 1949. 3[(2) It extends to the whole of India 4[* * *] (3) It shall come into force on such date5 as the Central Government may, by notification in the Official Gazette, appoint in this  [ Read More ]

FOREIGN TRADE (REGULATION) RULES, 1993

Act : In exercise of the powers conferred by section 19 of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992), the Central Government hereby makes the following rules, namely: – 1. Short title and commencement (1) These rules may be called the Foreign Trade (Regulation) Rules, 1993. (2) They shall come into  [ Read More ]

INDUSTRIAL TRIBUNAL (CENTRAL PROCEDURE) RULES, 1954

1.These rules may be called the Industrial Tribunal (Central) (Procedure) Rules, 1954. 2. In these rules- (a) the Act means the Industrial Disputes Act, 1947 (14 of 1947) (b) Chairman means the Chairman of the Tribunal; (c) member means a member of the Tribunal; (d) section means a section of the Act; (e) Tribunal means  [ Read More ]