Liabilities of the issue department. (1) The liabilities of the Issue Department shall be an amount equal to the total of the amount of the currency notes of the Government of India and bank notes for the time being in circulation. (2) [Omitted by the Banking Laws (Miscellaneous Provisions) Act, 1963, w.e.f 1-2-1964. Earlier, it […]
Resultant to this historic amendment, bamboo grown in the non-forest area is out of the scope of regulations on the forest produces. During the year 2022-23, the NBM has been merged with Mission for Integrated Development of Horticulture (MIDH) scheme. The restructured National Bamboo Mission primarily focuses on the development of complete value chain of
A dividend can be described as a reward that publicly-listed companies extend to their shareholders, and its source is the company’s net profit. Such rewards can either be in the form of cash, cash equivalent, shares, etc. and are mostly paid from the remaining share of profit once essential expenses are met. A company’s board of directors
One of the preferred retirement savings funds by the working class is the Public Provident Fund (PPF). The long-term investment horizon and the magic of compounding may be the key reasons for its popularity along with the income tax exemption available on it. Public Provident Fund (PPF) schemes are one of the most popular long-term
VVP-II builds upon the foundation laid by the first phase, VVP-I, which targeted border villages along the northern frontier. The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, today approved the Vibrant Villages Programme -II (VVP-II) as a Central Sector Scheme (100% Centre funding), furthering its commitment for the vision of Viksit Bharat@2047
Banks are financial institutions that are engaged principally in the business of money lending and money borrowing. The customer base of the banking sector is very large and there is also a substantial risk involved in lending money. While the bank always has the option of taking legal action on the defaulting borrowers, it is
Dispute settlement or Dispute resolution is the process of resolving the disputes between the parties to a contract. The term dispute resolution is different from conflict resolution as the dispute resolution has ways to resolve guided by the dispute resolution techniques which helps in solving the disputes arose of the citizens, corporations as well as
The Code of Civil Procedure, 1908, is a procedural law in India that lays down the rules for how civil courts should function. It tells us how a civil case (non-criminal case) should be filed, heard, and decided.The Black’s Law Dictionary defines a Civil Procedure as “A body of law concerned with the methods, procedures
Professional Tax in Maharashtra is handled by the Maharashtra State Tax on Professions, Trades, Calling and Employment Act, 1975 which came into effect on 1st April 1975. As per this act, professional tax is applicable for both individuals and companies. Professional Tax in Maharashtra The state government imposes a professional tax on your earned income. As per
A residence certificate is mandatory to perform several significant legal procedures. The residence certificate act as proof that the person resides in the state. The document is mandatory for obtaining admission to educational institutions. Also to claim for ration card on its expiry, apply for a passport, and significant others. This article shares important information
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