MA0037- BANKING RELATED LAWS AND PRACTICES

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

ASSIGNMENT

DRIVE	SUMMER 2015
PROGRAM	MBADS – (SEM 3/SEM 5) / MBAFLEX / MBAN2 – (SEM 3)
SUBJECT CODE & NAME	MA0037-  BANKING RELATED LAWS AND PRACTICES
SEMESTER	3
BK ID	B1618
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

1 Explain the characteristics of a negotiable instrument. Give the differences between promissory note and bill of exchange.

Answer: Characteristics of a negotiable instrument:

1. Property

The possessor of the negotiable instrument is presumed to be the owner of the property contained therein. A negotiable instrument does not merely give possession of the instrument but right to property also. The property in a negotiable instrument can be transferred without any formality. In the case of a bearer instrument, the property

2 Write the duties and rights of Bailor. Explain the duties and rights of Bailee.

Answer: Duties and rights of Bailor:

Rights of Bailer

v  If bailee does not take care and destruction of goods takes place, bailer can claim compensation.

v  If bailee uses the goods for un-authorized purposes, bailer has the right to claim compensation.

v  Bailer has the right to claim return of goods.

v  Bailer has right to claim not only delivered goods but also accruals on goods if any.

v  In case where bailee has mixed the goods

3 Explain the powers of RBI with respect to authorized persons. Write down the points under Appellate authorities. Also write the differences between contravention and compounding in Foreign Exchange Management Act (FEMA).

Answer: Powers of RBI with respect to authorized persons:

(1) The Reserve Bank may:

caution or prohibit banking companies generally or any banking company in particular against entering into any particular transaction or class of transactions, and generally give advice to any banking company;

(2) The Reserve Bank shall make an annual report of the Central Government on the trend and progress of banking in the country, with particular

4 Explain the conditions that are to be applied for raising funds from qualified institutional investor. Write the measures of asset reconstruction.

Answer: Qualified institutional placement (QIP) is a capital-raising tool, primarily used in India and other parts of southern Asia, whereby a listed company can issue equity shares, fully and partly convertible debentures, or any securities other than warrants which are convertible to equity shares to a qualified institutional buyer (QIB).

5 Explain the powers of the Board. Explain the banking codes and rules.

Answer: Powers of the Board: 'RESOLVED, That, in light of the provisions of New Jersey law that the management of the business and affairs of the Corporation be managed by or under the direction of the Board of Directors and the provisions of Article IV of the By-Laws, as amended, dealing with the management responsibilities of the officers of the Corporation:

A. the Board reserves the following functions to itself (and, to the extent delegated thereto, to its Committees):

6 Explain the cooperative banks principles. Explain about the business that can be done by a Co-operative Banks.

Answer: Cooperative banks principles:

1. VOLUNTARY AND OPEN MEMBERSHIP

Cooperatives are voluntary organizations, open to all people able to use its services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.

2. DEMOCRATIC MEMBER CONTROL

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601