Banking Policy - Law Dictionary Search Results
Banking policy
Matched in: Term Banking policy
bank
of money, for the extension of credit, and for facilitating the transmission of funds branch bank : a banking facility that is a separate but dependent part of a chartered bank ;esp : a facility that performs … an insolvent bank until it is sold central bank : a national bank that establishes monetary and fiscal policy and controls the money supply and interest rate collecting bank : a bank other than the payor bank
Industrial assurance
two months. 'Industrial assurance funds' (life funds) cannot be made security for a loan other than a temporary bank overdraft. The Act contains important provisions as to forfeiture and surrender of policies, accounts and inspection, and the … inspection, and the printing of portions of the Act on policies so as to draw the attention of policy-holders to rights conferred by the Act. See the (English) Industrial Assurance and Friendly Societies Act, 1929 (19 &
Keep your definitions linked to case research
official
to, or holding an office, position, or trust [ duties] 2 : fully authorized [an policy of the bank] of·fi·cial·ly adv
Remittance of asset
firm or a company, provident fund balance or superannuation benefits, amount of claim or maturity proceeds of Insurance policy, sale proceeds of shares, securities, immovable property or any other asset held in India in accordance with the … Remittance of asset, means remittance outside India of funds representing a deposit with a bank or a firm or a company, provident fund balance or superannuation benefits, amount of claim or maturity proceeds
Industrial concern
a foreign collaboration involving the import of technology is approved or automatically approved in accordance with the Industrial Policy of the Government of India in force from time to time. [Research and Development Cess Act, 1986, s. … s. 2(c)] Has the meaning assigned to it in clause (c) of s. 2 of the Industrial Development Bank of India Act, 1964, and includes any other person in whose fav-our a foreign collaboration involving the import
reserve
reserve representing the discounted value of future payments to be made on losses which may have already occurred policy reserve : an insurance company's reserve representing the difference in value between the net premiums and assumed claims … liabilities legal reserve : the minimum amount as determined by government standards of the deposits held by a bank or of the assets of a life insurance company required by law to be kept as reserves loss
Days of grace
days of grace. The fourteen to twenty-one days for which insurance companies usually extend a fire or life policy after its expiration, in the expectation that it will be renewed is frequently referred to as days of … the preceding business day, or on the succeeding business day if the last day of grace is a bank holiday (other than Christmas Day or Good Friday), or if the last day of grace is a Sunday
Company
ss. 357 and 358, requires registration of every company, association or partnership of more than ten persons for banking and of more than twenty persons for carrying on any other business having for its object the acquisition … The adoption of the socialistic pattern of society as the ultimate goal of the country's economic and social policies hastened the emergence of this new concept of the corporation. The socio-economic objectives set out in Part IV
Law
the trade activities themselves. But so long as the trade activities are carried on in pursuance of the policy which the executive Government has formulated with the tacit support of the majority in the legislature, no objection … of a statute can be held to be law or to have the force of law, Co-operative Central Bank Ltd. v. Additional Industrial Tribunal, AIR 1970 SC 245: (1969) 2 SCC 43. An executive order cannot be
Try the research workspace - 7 days free