What r the laws of India in money and credit??
Answers
Answer:
The All-India Debt and Investment Survey as on June 30, 2002 (NSS Fifty-Ninth Round released in December 2005) had shown that the share of moneylenders in the total dues of rural households had increased from 17.5 per cent in 1991 to 29.6 per cent in 2002. Considering that high indebtedness to moneylenders can be an important reason for the distress amongst farmers, the Reserve Bank Governor announced in the Annual Policy Statement dated April 18, 2006 for the year 2006-07, that a Technical Group would be set up to review the efficacy of the existing legislative framework that governs money lending. The Group would also review the enforcement machinery in different States and make recommendations for its improvement.
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Answer:
Limitation Act – Important aspects
Period of Limitation for Certain Documents
Revival of Documents
Court Holiday
Bankers’ Book Evidence Act, 1891
Tax Laws Applicable in Banking Operators
Recovery of Debts Due to Banks and Financial institutions Act, 1993 (DRT Act)
Debt Recovery Tribunals
Lok Adalats
SARFAESI Act - Important aspects
Some Important Terms Covered Under the SARFAESI Act
Securitization
Asset Reconstruction
Enforcement of Security interest
Lenders Liability Act
Banking Ombudsman