The Insolvency and Bankruptcy Board of India (IBBI) has proposed five broad changes, including operating a separate bank account for each real estate project, executing registration/sublease deeds with approval of…
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The Digital Personal Data Protection Bill, 2023 was passed by the Rajya Sabha on Wednesday by means of a voice vote. The Bill has retained the contents of the original…
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Partition under Hindu Law, can be total or partial. In total partition all the members cease to be members of the HUF and all the properties cease to be properties…
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Finance
Master Circular by RBI for Urban Co-Operative Bank for Income Recognition, Asset Classification, Provisioning and Other Related Matters
Reserve Bank of India has release a master circular for all primary urban co operative banks regarding Income Recognition, Assets Classification, Provisioning & Other Relates Maters 1.1 In order to…
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The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act popularly known as SARFAESI Act was brought into effect in 2002. The purpose of the act was…
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A bond is a debt security, similar to an IOU. Borrowers issue bonds to raise money from investors willing to lend them money for a certain amount of time. When investor…
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A Will or testament is a legal declaration by which a person, the testator, names one or more persons as the executor to manage his/her estate and provide for the…
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NACH, or the National Automated Clearing House, was a system introduced by the National Payments Corporation of India, for interbank, high volume, electronic transfers, which were periodic in nature. The NPCI…
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