Proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015.  The proposed amendments to the Negotiable Instruments Act, 1881 (“The NI Act”) are focused on clarifying the jurisdiction related issues for filing cases for offence committed under section 138…

Types of Bank Account

There are following types of Bank Accounts: Current Account Savings Account Recurring Deposit Account Term Deposit or Fixed Deposit Current Accounts are meant for businessmen and are not used for the purpose of investment or savings. These deposits are the most liquid deposits and there are no limits for number of transactions or the amount…