Law of Banking and Negotiable Instruments

Unit I

History ofthe Banking Regulation Act · Salient features · Banking Business and its importance in modern times · Different kinds of Banking · impact of Information Technology on Banking

• Introduction — Concept of Banking
• Structure of Indian Banking system
• Types of Common Banking Institutions
• Banking Regulation Act, 1949

Unit II

Relationship between Banker and Customer · Debtor and Creditor Relationship · Fiduciary Relationship · Trustee and Beneficiary · Principal and Agent · Bail and Bailee · Guarantor

Unit III

Cheques · Crossed Cheques · Account Payee · Banker's Drafts · Dividend Warrants, etc · Negotiable instruments and deemed negotiable instruments · Salient features of The Negotiable Instruments Act · The Negotiable Instruments (Amendment) Act. 2018

• Negotiable Instruments Act, 1881

Unit IV

The Paying Banker · Statutory protection to Bankers · Collecting Banker · Statutory protection · Rights and obligations of paying and collecting bankers

Unit V

Banker's lien and set off · Advances · Pledge · Land · Stocks · Shares · Life Policies · Document of title to Goods · Bank Guarantees · Letters of Credit · Recovery of Bank loans and position under the SARFAESI Act,2002 · Jurisdiction and powers of Debt Recovery Tribunal

• Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI)
• Powers and functions of Debt Recovery Tribunal and Debt Recovery Appellate
• Guarantee [Sections 126 — 147]
• Bailment [Sections 148 — 181]