Introduction: We live in a country where one or the other day we come across news of dacoity, robbery, trespass, etc. So the matter of concern here is that how can our money remain safe and can get our money back whenever we require that. In the old era, there Read more…
Introduction: Demonetisation is a situation where the country’s Central Bank (Reserve Bank in India) withdraws as an official mode of payment, the old currency notes of some specific denomination. Demonetisation has been implemented twice before in 1946 and 1978. Prime Minister Narendra Modi delivered an unanticipated nationally televised speech at Read more…
Introduction: A merger is the voluntary fusion of two companies into a new legal entity. It refers to an agreement in which two companies join together to form one company; it is a good business decision both in economic and commercial sense which has a force multiplier effect. It is Read more…
Introduction: The Negotiable Instrument Act 1881, Section 13 defines “Negotiable Instrument” means a promissory note, bill of exchange or cheque payable either to order or to bearer. The term ‘negotiable’ means transferable from person to another in return of some consideration and ‘instrument’ means, a signed document entitles a specific Read more…
Introduction: Human tendency of speed, which is taking money faster than repaying for it. From childhood until now, I have gone through various institutions such as schools & colleges (finance department), banks, gyms, etc usually are speedy in receiving money. But when there is duty associated with them in giving Read more…
Introduction: Wilful default means when there is deliberate on-payment of the loan dues despite having adequate cash flow and sound net worth. Reserve bank of India (RBI) defines wilful default if any of the following events occurs[1]: (a) The unit has defaulted in meeting its payment/repayment obligations to the lender Read more…