I.K.Gujral Punjab Technical University
Master of Commerce Batch 2018 Onwards
MCOPBI 421-18
Banking Laws
Course objective : The course aims at imparting knowledge and equip students with different laws which are related to Indian Banking Industry. This knowledge will help the students to understand the laws related to modern banking system as well as establish link between the legal provisions and the practical aspects of banking.
Unit I
Banking Regulation Act, 1949:- Concept of Bank and Banker, Functions of Banks, Classification of Banks, Relationship between Bank and Customer, Control by government and it agencies, Management of Banking companies, On account and audit, Reconstruction and reorganization of banking companies, Suspension and winding up of business of banking companies, Social control over banking, Banking.
Unit II
The Negotiable instrument Act, 1881:- Definition and characteristic of Negotiable Instruments, Types of Negotiable Instruments, Definition and Essentials of Promissory Note, Bill of Exchange and Cheque, Liabilities and Capacity of Parties of Negotiable Instrument, Holder and Holder in due course, Transfer and Negotiation of Negotiable Instrument. Crossing of Cheques and payment, Dishonor of Cheques, Presentment and Payment, Dishonor, .Noting and Protest of Negotiable Instrument, Endorsement:Definition, Essential of a valid endorsement and its kinds, Rules of evidence and compensation.
Unit III
The Reserve Bank of India Act, 1934:- Incorporation, Capital, Management and Business of Banking Company, Central Banking function of Reserve Bank of India, Collection and furnishing of Credit Information, Control of Reserve Bank of India over Non-banking Institutions and Financial Institutions, Credit Control by Reserve Bank of India, Changing role of the RBI.
Unit IV
Law of Limitation – Provisions of Bankers Book Evidence Act -Special Features of Recovery of Debts Due to Banks and Financial Institutions Act, 1993, TDS Banking Cash Transaction Tax Service Tax, Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002: Asset Reconstruction Companies, The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Banking Ombudsman Lok Adalats, Lender’s Liability Act.
Reference/Source:
- Banking laws & Practice, SC Chand, sukhwinder mishra
- Banking laws & Practice, Kalyani Publishers, S.N Maheswari & S.K Maheswari
- http://bankinglaw.lawnotes16mrks.com/
- https://www.slideshare.net
Course Features
- Lectures 8
- Quizzes 0
- Duration 50 hours
- Skill level All levels
- Language English
- Students 2
- Assessments Yes