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…
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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…
Read article 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…
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Asset-backed securities (ABS) and mortgage-backed securities (MBS) explained
Securitization is the process in which certain types of assets are pooled so that they can be repackaged into interest-bearing securities. The interest and principal payments from the assets are passed through to the purchasers of the securities.Both Asset-backed securities (ABS) and mortgage-backed securities (MBS) are fixed-income financial securities collateralized (backed) by a pool of…
The details of how the registration of charges done under companies act
(This post elucidates the entire process of creation of charge or modification of charge and satisfaction of charge and the requirement of information in the form of a resolution passed in the Board meeting) According to Section 77 of the Companies Act, every company that creates a charge shall register the same with the Registrar…
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