People have doubt whether an unregistered Partnership Firm can also be brought within the purview of Section 141 of the Negotiable Instruments Act, and in such cases, whether the Partnership Firm must be made as an accused along with the other partners, in order to maintain a complaint for an offence under Section 138 of…
The competent authority of the Government of Mizoram declared the following days as public holidays for the Calendar Year 2024. Bank holidays in India are declared as public holidays under explanation to section 25 of the Negotiable Instrument Act 1881. The holiday declared under the NI Act applies exclusively to the banks located within the…
The Department of Finance (leaves), Government of Rajasthan vide circular dated 09.10.2023 declared bank Holidays under section 25 of the NI Act for the year 2024. Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 2 08.03.2024 Friday MAHASHIVRATRI 3 25.03.2024 Monday HOLI/DHULANDI 4 29.03.2024 Friday GOOD FRIDAY 5 01.04.2024 Monday Banks’ Annual closing…
Scheduled Commercial banks in India have seen a sharp rise in unsecured loans – mostly personal loans and credit cards – that has outpaced the overall bank credit growth of about 15% over the past year, catching the attention of the Banking Regulator. The high growth seen in consumer credit and increasing dependency of NBFCs…
The Finance Department Government of West Bengal vide circular No 6112-F (P2) dated 09.11.2023 declared Bank holidays under section 25 of the Negotiable Instrument Act 1881. The holiday declared under NI Act is applicable exclusively to the banks located within the administration area of West Bengal State. In other States and Union territories where it…
The Government of Odisha (earlier known as Orissa) in its circular No. RDM-Reg-Misc-0014-2023/39314 dated 7.11.2023 declared 20 holidays for the year 2024 under the explanation of section 25 of Negotiable Act 1881. List of Public Holidays in Odisha (Orissa) State under sec 25 of NI Acts Sr.No Date Day Occasion/Festival Date 1 15.01.2024 Monday MAKARA…
Jharkhand State Government in its official notification No.15/S.O.-03-05/2023-6371 dated 09.11.2023 declared that the following days are bank holidays/Public holidays for the year 2024 under the explanation of section 25 of the Negotiable Instrument Act 1881. List of Bank holidays for 2024 in Jharkhand State under section 25 of NI Act 1881 Sr.No Date Day Occasion/Festival…
The Government of Chhattisgarh in its circular No 1-1/2023/1-5 dated 05.11.2024 declared the following days to be Bank holidays (Public holidays) during the year 2024 under the explanation of section 25 of NI Act 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 2 08.03.2024 Friday MAHASHIVARATRI 3 25.03.2024 Monday HOLI 2nd DAY…
The Government of Maharashtra has separately declared 24 Public Holidays for the year 2024 notified the section 25 of the Negotiable Instruments Act, 1881 (XXIV of 1881) as per Notification No.PHD-1123/C.R.148/JPK (Desk 29) dated 09.11.2023. Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 2 19.02.2024 Monday CHATRAPATI SHIVAJI MAHARAJ JAYANTI 3 08.03.2024 Friday…
The Tamil Nadu government has announced a list of 24 days as public holidays in 2024 under the Negotiable Instruments Act, 1881, which will be applicable to State government offices, its undertakings, corporations and boards, among others. Sr.No Date Day Occasion/Festival Date 1 01.01.2024 Monday NEW YEAR’s DAY 2 15.01.2024 Monday PONGAL 3 16.01.2024 Tuesday…