Appropriation of Security under Banking Law
The phrase “Appropriation of Security”** has a specific meaning in banking and law. Let me explain it in a structured way for you: 📘 Meaning Appropriation of security refers to the right of a creditor (e.g., a bank) to apply or utilize the security provided by a debtor towards the repayment of a specific debt…
Read article
Provisions of Companies Act 2013 Relating to Registration of Charges
The Companies Act 2013 mandates the registration of charges created by companies to ensure transparency and protect the interests of creditors. Provisions regarding this are outlined in Sections 77 to 87 of the Act Section 77: Duty to Register Charges Every company must register the particulars of any charge created over its property, assets, or…
Read article Acceptability of a certified copy of a document of title to immoveable property in India
In India, a certified copy of a document of title to immoveable property is generally acceptable as legal evidence when the original is lost or unavailable, provided it is issued by the concerned Sub-Registrar’s Office and follows the legal process under the Registration Act, 1908 Legal Basis for Acceptability A certified copy of title documents—including…
Read article
Understanding a Document of Title to Immoveable Property
A Document of Title to Immoveable Property in India is a formal legal document that establishes and proves ownership of an asset like land, a building, or any immovable property. Essential Meaning A Document of Title (primarily called a Title Deed) is issued when property ownership is transferred through purchase, inheritance, gift, or other means.…
Read article RBI’s Banking Ombudsman: Appointment, Offices, and the Centralized Grievance Hub
In India’s dynamic financial landscape, trust remains the cornerstone of banking. To safeguard this trust and strengthen customer protection, the Reserve Bank of India (RBI) has established the **Banking Ombudsman framework**—an institutional mechanism to resolve complaints fairly, quickly, and transparently. Appointment of the Banking Ombudsman The Banking Ombudsman is a senior official appointed by the…
Understanding Charge in Relation to Securities
The term “charge” carries multiple meanings across disciplines. In law, physics, and finance, its interpretation changes with context. However, in the banking and securities domain, a charge has a very specific significance: it is a legal right granted by a borrower to a lender over assets as security for repayment of a loan. This concept…
Read article