In 1970, a comprehensive Act was passed called Banking Companies (Transfer of Undertakings and Acquisition) Act. By this, the taking over of major Scheduled banks became absolute. Another
Origin of CRISIL The need for starting credit rating agencies was felt during the 1980s in India as a number of non banking financial companies were accepting deposits
IRDA Act In order to control private sector insurance companies, the Government of India passed the IRDA Act (Insurance Regulatory and Development Authority Act, 1999) which enabled it
Indian Government has taken various steps to promote capital market. The Legal Measures, Promotional Measures, Regulatory Measures and Liberalization measures for growth of capital market are discussed below.
Role of Capital Market in an Economy Financial market deals about the raising of finance by various institutions through the issue of various securities. Every business concern requires
Central Government (Securities and Exchange Board of India) exercise the following powers over stock exchanges. 1. Periodical Returns: All recognized stock exchanges have to submit periodical returns with
When is a bill considered accepted? The acceptance of a bill is the indication of courtesy extended by the drawee or his/her agent towards the order of the
In a contract of sale, the precise moment at which property or ownership in goods passes from the seller to the buyer is of great importance because, it
Banks directly play an important role in the economic development of the country. Here, we can see certain specific role of banks as financial intermediary. Role of Financial
Introduction to Merchant Bankers After 1990, the new economic policy adopted by the government has resulted in the promotion of a number of new companies. This has resulted