Legal Terms and Matters Archive
Title Deed and EM with Laminated Title Deed
Title deed is a deed constituting the evidence of a person’s legal ownership of an asset or property. Deed represents an instrument containing details of legal transfer, bargain or contract. The term title deed is normally used
Hypothecation And Safeguards By Banks
Hypothecation is the most famous method adopted by banks in India for security creation. This method is adopted while extending cash credits for raising working capital and term loans for acquiring movable assets. Hypothecation as a method
26 Mar 19
CategoryBanking Terms - Loans, Everything About, Legal Terms and Matters
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Pledge, Pledgor, Pledgee And Bank Loans
Pledge is a popular method adopted in banking to create charge on a security. It is a specific form of bailment. Pledge is defined under the Indian Contract Act as a form of bailment of goods where
25 Mar 19
CategoryBanking Terms - Loans, Everything About, Legal Terms and Matters
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Bailment, Bailor And Bailee
Bailment is defined in Section 148 of The Indian Contract Act 1972.As per the definition, bailment is delivery of goods by one person to another for some purpose upon a contract that they shall, when the purpose
25 Mar 19
CategoryBanking Terms - Loans, Everything About, Legal Terms and Matters
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Types of stamps and stamping methods
Indian Stamp Act,1899, a revenue legislation governs the stamping of documents and instruments. The Act also stipulates the instruments that are chargeable with stamp duty. The governing norm regarding stamp duty is that all instruments liable for
Documents, Instruments and Stamping
Stamping of documents in India is governed by the Indian Stamp Act,1899. This Act is a revenue legislation specially enacted with the aim of raising revenue for the Government. The Act does not cover the State of
Measures to Ensure Corporate Governance in Indian Companies
Corporate governance is the system of rules, practices and processes by which a firm is guided towards attaining its objectives. It covers doing the business in adherence to the laws of the land and by following the
Financial Bill, Finance Bill and Money Bill
India being a federal country, laws can be made separately by Union Government and State Governments covering their domains. The Union Government (Federal Government) makes laws for the entire country and the State Governments for their respective
Aadhaar is mandatory for all new accounts; small accounts exempted
Aadhaar is now essential for opening of new accounts. RBI has made Aadhar and Permanent Account Number (PAN) / Form 60 mandatory for all new accounts to be opened. However, for opening small accounts these documents are
Filling up of a blank cheque need not be material alteration
Reference Order by the High Court of Gujrat in the case of Nikhil P. Gandhi vs. State of Gujarat – CDJ 2016 GHC 071 Back Ground: The applicant was an ex- Managing Director of a company. The
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