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Paper 503 · Semester 5 · Commercial & Corporate

Law of Banking and Negotiable Instruments

Banker-customer relationship, negotiable instruments, cheque dishonour, RBI regulations, and electronic banking.

Study Notes: 23 Chapters

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Syllabus Overview (5 Units · 23 Chapters)

Unit 1

History of Banking Regulation Act · Salient Features of Banking Regulation Act · Banking Business and Its Importance · Different Kinds of Banking · Impact of Information Technology on Banking

Unit 2

Banker Customer Relationship Overview · Debtor Creditor and Fiduciary Relationship · Trustee Beneficiary Principal Agent Bailor Bailee · Bank as Guarantor and Special Relationships

Unit 3

Negotiable Instruments Concept and Features · Cheques Definition Types and Essentials · Crossed Cheques and Account Payee · Bankers Drafts Dividend Warrants and Other Instruments · Negotiable Instruments Amendment Act 2018

Unit 4

Paying Banker Duties and Obligations · Statutory Protection to Paying Banker · Collecting Banker Duties and Obligations · Statutory Protection to Collecting Banker

Unit 5

Bankers Lien and Set Off · Advances Pledge and Securities · Bank Guarantees and Letters of Credit · Recovery of Bank Loans and SARFAESI Act · Debt Recovery Tribunal Jurisdiction and Powers