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 ]
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Banking & Insurance LawE-BANKING SYSTEM IN THE BANKING SECTOR1. 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 DocumentsQuestion: 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 ] Economy and Biodiversity and LawParamita Bhattacharyya Man has always been fascinated by the diversity of life .Now a days “globalization” has become another sight of fascination of man. All over the world of globalization has been accepted as new global economic policy for the world economic progress in order to bring the spectacular success in most of the countries [ Read More ] Recovery of dues by banks1. 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 ECONOMICSEconomists 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 BANKSINTRODUCTION 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 problems & suggestionsThe 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 ] Extent of Indemnity in Insurance ClaimsThis 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 INCLUSIONPRESENT 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 ] |
