Banking Law (optional)

SNDT Women's University · LL.B. Semester 4 · 4024

Unit I — Module I (2 credits): RBI Act, 1934; Banking Regulation Act, 1949; Recent Trends

Reserve Bank of India Act, 1934: capital, management, central banking functions, credit information, control over non-banking and financial institutions, credit control · Banking Regulation Act, 1949: bank and banker, functions, classification, bank-customer relationship, control, management, reconstruction, winding up, social control, Banking Ombudsman · Recent trends: ATM and internet banking, smart credit cards, banking frauds

Unit II — Module II (2 credits): Negotiable Instruments Act, 1881; Cheques; DRT; SEBI

Negotiable instruments: definition, types, promissory note, bill of exchange, cheque, liabilities and capacity of parties, holder and holder in due course, negotiation · Crossing of cheques and payment, dishonour, presentment, noting and protest, endorsement · Debt recovery tribunal: constitution and functioning · Role of SEBI in controlling financial institutions