Law of Limitation- Period of Limitation for Suit The law of limitation prescribes the period within which existing rights can be enforced in a court of law. The object of the limitation act is to prescribe the period within which the existing right can be enforced in the court of law. Period of Limitation for […]
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Transfer of Property Act 1882 TRANSFER OF PROPERTY ACT,1882 CHAPTER I PRELIMINARY Short title This Act may be called the Transfer of Property Act, 1882. Commencement: It shall come into force on the first day of July, 1882. Extent: It extends in the first instance to the whole of India except the territories which, immediately
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Statutory Protection to Collecting Banker-www.bankingallinfo.com Statutory Protection to Collecting Banker: Section 131 of the Negotiable Instruments Act provides protection to a collecting banker who receives payment of a crossed cheque or draft on behalf of his customers. According to Section 131 of the Act “a banker who has, in good faith and without negligence, received
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Duties and Obligations of Paying Banker-NI Act 1881 Duties and Obligations of Paying Banker-NI Act 1881 Paying Banker >A Banker on whom a cheque is drawn should pay the cheque when it is presented for payment. , >This cheque paying function is a distinguished one of a banker. >This obligation has been imposed on him
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Cheque Types-Crossing of cheque and Endorsement Cheques may be of two types: Open or uncrossed cheques & Crossed Cheque 1. An open cheque is payable at the counter of the drawee bank on the presentation of cheque. Such cheque runs great risk in the course of circulation because once a wrong person takes away the
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HOLDER IN DUE COURSE AND PAYMENT IN DUE COURSE HOLDER IN DUE COURSE AND PAYMENT IN DUE COURSE: A negotiable instrument is transferable from person to person. The Negotiable Instrument Act confers upon the person, who acquired it bona fide and for value, the right to possess good title to the instrument. Such person is
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Definition of Negotiable Instrument The Negotiable Instrument Act does not define a negotiable instrument and merely states that a negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or bearer. This does not indicate the characteristics of a negotiable instrument but only states that three instrument – cheque, bill
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Banking ppt Lecture To get the lecture click on the image: Roots of Islamic Banking: By Md. Farid Uddin Ahmed,Former MD and CEO, Exim Bank Ltd. Difference between Riba, Bai, Profit and Rent : By Md. Farid Uddin Ahmed,Former MD and CEO, Exim Bank Ltd. To get the lecture click on the image: Islamic Banking: Concept,
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The Bank Companies Act 1991 The Bank Companies Act 1991: This is the act which is meant for Commercial Banks and the Central Bank of the country as well. It is mandatory for all banks to abide by the provisions of this Act. This Act has given necessary power to the Central Bank to control the
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Bangladesh Financial Intelligence Unit Circulars/Circulars Letters 1-56 (Updated on 15.02.2016) Publish Date Title Link Published by: Bangladesh Financial Intelligence Unit 11/02/16 09/12/15 BFIU Circular Letter No. 06: Circulation of Money 19/10/15 07/10/15 10/09/15 09/09/15 02/09/15 30/07/15 09/07/15 29/06/15 BFIU Circular No. 12 : Master Circular regarding BFIU Circular Letter No. 01 : Instructions to be
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Holder in Due Course and Payment in Due Course Holder in Due Course : According to Section 9 “holder in due course means any person who, for consideration, became the possessor of a promissory note, bill of exchange or cheque, if payable to bearer, or the payee or endorsee there of if payable to order,
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