Latest from Banking & Finance laws

Decriminalizing Sec 138 Of Negotiable Instrument Act, 1881: Boom Or Bane A S...

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On 8th June 2020, the Ministry of Finance through the Department of Financial Services issued a notification under the Statement of Reason titled Decriminalization of minor offences for improving...

Case Analysis: Ms Anirudhan v/s The Thomco's Bank Ltd

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Facts: The Supreme Court appeal arose from a complaint brought in the trial court by one Thomco's Bank in Trivandrum against the appellant N.S. Anirudhan and one V. Sankaran. V. Sankaran was sued...

Compounding of Contraventions under FEMA, 1999

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How do I file a Compounding of Contravention application under the FEMA Act of 1999? Conceptual Framework What does compounding of contravention mean? Compounding is the settlement of a...

Digital Signature - Rule Of Thumb

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With the evolve of the Cyber space in our day-to-day routine, we the human being are going deep into this cyber eco-system with a rapid pace, and the concept of digital signature is one of them, ...

Mehul Choksi: A Renegade

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This paper contains the details of the case of Mehul Choksi, a fugitive businessman of India. He has been charged with various offences including Punjab national Bank Fraud Case, Money-Launderi...

Debt Recovery Proceedings Of Banks

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Banks were never so serious in their efforts to ensure timely recovery and consequent reduction of Non Performing Assets (NPAs) as they are today. It is important to remember that recovery man...

Peer-to-Peer Lending: The India Story

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The Cambridge Dictionary defines Peer as a person who is the same age or has the same social position or the same abilities as other people in a group.1 As the phrase Peer-to-Peer Lending2 s...

Cryptocurrency Tumblers: Risks, Legality With Overview Of Indian Economy

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With the rapid development in the era of technology, there are a lot of new opportunities developing around the world rapidly. The most influenced sector due to this rapid change in information...

Eliminating Online Bank Fraud

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The cyberspace is increasingly used by organized criminal groups to target credit cards, bank account and other financial instruments for fraudulent transactions. Online fraud is considered to ...

Cryptocurrency And Legal Bubble It Currently Resides In, In India

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When one is trying to do business or deal with the brokers or any of their legal spokesman there are a lot of proceeding fees that one need to pay for every transaction to conduct. Above this, ...