Important act

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Some Important Acts
��NEGOTIABLE INSTRUMENTACTS -1881
��Section 4 :- Promissory Notes
��Section 5 :-Bill of Exchange
��Section 6 :- Cheque
��Section 13 :- Negotiable instrument
��Section 123 :- Cheque Crossed Generally
��Section 124,126 : -Cheque Crossed Specially
��Section 130 : -Cheque bearing Not Negotiable
��Section 118 :- Presumption as to Negotiable instrument
��RESERVE BANK ACT (RBI ACT 1934)
��Section 17 :- Define Banking Business
��Section 18 :-Deals With Emergency Loan To Bank
��Section 22 :-Exclusive Rights To Issue Currency Notes In India
��Section 24 :-Maximum Denomination a Note Can Be Rs 10,000
��Section 26 :- Describe The Legal Tender Character of Indian Bank Notes
��Section 28 :-Form Rule Regarding The Exchange Of Damaged and imperfect Notes
��Section 31 :-In India only RBI or the central government issue and accept promissory notes that are payable on demand
��Section 42 :-Every schedule bank must have an average daily balance with RBI
�� BANKING REGULATION ACT -1949
��Section 10 :-Power of RBI to appoint chairman of banking company
��Section 11 :-Recruitment as to minimum capital and reserve.
��Section 12 : -Regulation of Paid of capital, authorized capital,voting rights of shareholder
��Section 21 :-To control advances by banking company
��Section 21(A) : - Rate of interest charged by banking company
��Section 22 :- license of banking company
��Section 23 :-Restriction on opening transfer of business
��Section 29 :-Account and balance sheet
��Section 36 :-Power of central government to acquire banking company in a certain case
��Section 44 :-Amalgamation of banking company
��Section 47 :-Power of RBI to impose penalty
��Some Other Important Acts Related To Banking -
��SBI ACT: -1955
��SBI SUBSIDIARY ACT: - 1959
��DICGC ACT :- 1961
��EXIM ACT: - 1981
��NABARD ACT: - 1981
��RRB ACT: - 1976
��NHB ACT: - 1987
��SIDBI ACT :- 1989
��SARFASI ACT :- 2002
��FEMA ACT: - 1999
��CREDIT INFORMATION CORP :- 2005
��PMLA ACT: -2002

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