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Chapter 2
This document provides an overview of negotiable instruments under Indian law. It defines negotiable instruments as credit instruments that can be transferred like cash. The key types of negotiable instruments are promissory notes, bills of exchange, and cheques. It outlines the essential features, parties involved, and differences between these instruments. Additionally, it covers related topics like crossing of cheques, endorsements, and classifications of negotiable instruments under Indian law.
Collecting and paying banker
The document discusses the roles and responsibilities of collecting bankers and paying bankers when dealing with cheques. It outlines two options a customer has when receiving a cheque - depositing it directly or sending it to their banker for collection. It explains that a collecting banker can act as a holder for value or as an agent, and describes the conditions under which they are considered a holder for value. The duties of paying bankers to verify cheque details and ensure sufficient funds are also reviewed. Statutory protections for collecting and paying bankers are discussed if they act in good faith and without negligence.
Lec crossing of cheques
This document defines and explains various types of cheques and cheque crossing procedures. It begins by defining bearer cheques, ordered cheques, uncrossed cheques, crossed cheques, post-dated cheques and stale cheques. It then explains general and special cheque crossing, including what constitutes each type of crossing and their effects. The document also covers endorsement, material alterations to cheques, and definitions of key cheque terms like drawer, drawee and payee.
Chapter 1
This document provides an overview of banking law and operations. It defines key terms like bank, banker, and banking. It describes the characteristics and functions of banks, including their primary functions of accepting deposits and granting credit, as well as subsidiary functions like buying/selling securities. The document defines customer and explores the general and special relationships between bankers and customers. It examines obligations like honoring checks, maintaining secrecy, and following customer directions. The document concludes by outlining some rights and duties of bankers, such as the right of lien and the right to charge interest.
7UP annual report 2015
The document provides financial information for a company for the years ended 31 March 2015 and 2014. It includes statements of profit or loss and other comprehensive income, financial position, cash flows, and changes in equity.
The profit for the year increased from ₦64.3 billion in 2014 to ₦71.2 billion in 2015. Total comprehensive income for the year also increased, from ₦61.6 billion in 2014 to ₦81.8 billion in 2015.
Total assets increased from ₦558.6 billion to ₦676.8 billion over the same period. Retained earnings grew from ₦167.1 billion to ₦233.1 billion
Chapter 4
This document discusses various types of customers and account holders that banks deal with. It describes ordinary customers as well as special customers like minors, partnership firms, joint Hindu families, joint stock companies, and more. For each type of special customer, it provides details on legal considerations for opening and operating accounts, required documents, authorized signatories, and other precautions banks must take. The document aims to outline procedures and legal compliance for properly handling different customer accounts.
Chapter 3
This document provides an overview of various banking operations including the roles of collecting and paying bankers, types of lending facilities, and non-performing assets. It discusses the duties of collecting bankers to carefully collect checks and notify customers of dishonored checks. Paying bankers must take precautions when honoring checks and can refuse payment for specific reasons. Banks offer various lending facilities like loans, cash credits, overdrafts and letters of credit. Non-performing assets are loans where borrowers do not repay principal or interest for a certain period.
Collecting and paying banker
The document discusses the roles and responsibilities of collecting bankers and paying bankers when dealing with cheques. It outlines two options a customer has when receiving a cheque - depositing it directly or sending it to their banker for collection. It explains that a collecting banker can act as a holder for value or as an agent, and describes the conditions under which they are considered a holder for value. The duties of paying bankers to verify cheque details and ensure sufficient funds are also summarized. Finally, it discusses the statutory protections provided to collecting and paying bankers if they act in good faith and without negligence.
Recommended
Chapter 2
This document provides an overview of negotiable instruments under Indian law. It defines negotiable instruments as credit instruments that can be transferred like cash. The key types of negotiable instruments are promissory notes, bills of exchange, and cheques. It outlines the essential features, parties involved, and differences between these instruments. Additionally, it covers related topics like crossing of cheques, endorsements, and classifications of negotiable instruments under Indian law.
Collecting and paying banker
The document discusses the roles and responsibilities of collecting bankers and paying bankers when dealing with cheques. It outlines two options a customer has when receiving a cheque - depositing it directly or sending it to their banker for collection. It explains that a collecting banker can act as a holder for value or as an agent, and describes the conditions under which they are considered a holder for value. The duties of paying bankers to verify cheque details and ensure sufficient funds are also reviewed. Statutory protections for collecting and paying bankers are discussed if they act in good faith and without negligence.
Lec crossing of cheques
This document defines and explains various types of cheques and cheque crossing procedures. It begins by defining bearer cheques, ordered cheques, uncrossed cheques, crossed cheques, post-dated cheques and stale cheques. It then explains general and special cheque crossing, including what constitutes each type of crossing and their effects. The document also covers endorsement, material alterations to cheques, and definitions of key cheque terms like drawer, drawee and payee.
Chapter 1
This document provides an overview of banking law and operations. It defines key terms like bank, banker, and banking. It describes the characteristics and functions of banks, including their primary functions of accepting deposits and granting credit, as well as subsidiary functions like buying/selling securities. The document defines customer and explores the general and special relationships between bankers and customers. It examines obligations like honoring checks, maintaining secrecy, and following customer directions. The document concludes by outlining some rights and duties of bankers, such as the right of lien and the right to charge interest.
7UP annual report 2015
The document provides financial information for a company for the years ended 31 March 2015 and 2014. It includes statements of profit or loss and other comprehensive income, financial position, cash flows, and changes in equity.
The profit for the year increased from ₦64.3 billion in 2014 to ₦71.2 billion in 2015. Total comprehensive income for the year also increased, from ₦61.6 billion in 2014 to ₦81.8 billion in 2015.
Total assets increased from ₦558.6 billion to ₦676.8 billion over the same period. Retained earnings grew from ₦167.1 billion to ₦233.1 billion
Chapter 4
This document discusses various types of customers and account holders that banks deal with. It describes ordinary customers as well as special customers like minors, partnership firms, joint Hindu families, joint stock companies, and more. For each type of special customer, it provides details on legal considerations for opening and operating accounts, required documents, authorized signatories, and other precautions banks must take. The document aims to outline procedures and legal compliance for properly handling different customer accounts.
Chapter 3
This document provides an overview of various banking operations including the roles of collecting and paying bankers, types of lending facilities, and non-performing assets. It discusses the duties of collecting bankers to carefully collect checks and notify customers of dishonored checks. Paying bankers must take precautions when honoring checks and can refuse payment for specific reasons. Banks offer various lending facilities like loans, cash credits, overdrafts and letters of credit. Non-performing assets are loans where borrowers do not repay principal or interest for a certain period.
Collecting and paying banker
The document discusses the roles and responsibilities of collecting bankers and paying bankers when dealing with cheques. It outlines two options a customer has when receiving a cheque - depositing it directly or sending it to their banker for collection. It explains that a collecting banker can act as a holder for value or as an agent, and describes the conditions under which they are considered a holder for value. The duties of paying bankers to verify cheque details and ensure sufficient funds are also summarized. Finally, it discusses the statutory protections provided to collecting and paying bankers if they act in good faith and without negligence.
Collection of cheque chapter 2
The document discusses the roles and responsibilities of a collecting banker when handling cheque collections. It outlines that a collecting banker can act either as a holder for value or as an agent of the customer. As a holder for value, the collecting banker enjoys rights similar to a holder in due course. As an agent, the banker must take precautions to avoid liability for conversion. The document also discusses the statutory protection provided to collecting bankers under Section 131 of the Negotiable Instruments Act if they collect payment in good faith and without negligence. It provides examples of negligence and outlines various duties and precautions collecting bankers must follow.
Payment of cheques chapter 1
The document discusses the obligations and precautions of banks when honoring customer cheques under the Negotiable Instruments Act. It explains that banks must honor cheques drawn by customers if there are sufficient funds, and outlines various precautions banks must take regarding genuineness of cheques, customer accounts and balances, and legal restrictions. Precautions include verifying signatures, dates, amounts, endorsements, checking for stops on payments or legal orders, and only making payments that constitute "payment-in-due-course".
Chapter 32 – Negotiation and Holder in Due Course
This document provides a 3-page summary of key concepts related to negotiation and holders in due course of negotiable instruments. It begins by explaining the process of transferring negotiable instruments from one person to another, distinguishing between order paper and bearer paper. It then discusses the requirements for negotiation, types of endorsements, and effects of endorsement. The summary concludes by outlining the requirements to achieve holder in due course status and the rights and limitations of a holder in due course.
Cheque meaning crossing and types
1) A cheque is a negotiable instrument that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque is made out.
2) Cheques can be crossed or uncrossed. A crossed cheque can only be deposited into a bank account, while an uncrossed cheque can be cashed over the bank counter.
3) The essential features of a cheque include being in writing, drawn on a specific bank, unconditional, signed by the account holder, and payable on demand.
Holder & holder in due course
The document defines a holder and holder in due course under Indian law. A holder is defined as someone who possesses a negotiable instrument and is entitled to payment. To be a holder in due course, one must pay consideration for the instrument, receive it before maturity in good faith, and have no reason to doubt the title of the person they received it from. Key differences between a holder and holder in due course are that a holder can take possession without consideration, while a holder in due course must provide consideration and receive the instrument before maturity with a clear title.
Bab 4 Income Statement and Related Information
The document discusses key elements and objectives related to preparing and understanding income statements, including:
- The uses and limitations of income statements in evaluating past performance and predicting future cash flows
- Components of single-step and multiple-step income statements and how they differ
- Reporting of irregular items like discontinued operations, extraordinary items, and changes in accounting principles
- Intraperiod tax allocation and where earnings per share information is reported
Holder & Holder In Due Course
The document defines and distinguishes between a holder and a holder in due course of a negotiable instrument under the Negotiable Instruments Act of 1881. [1] A holder is defined as any person entitled to possession of the instrument who has the right to receive payment. [2] A holder in due course must be a holder for valuable consideration, acquire the instrument before maturity, and acquire it in good faith without reason to suspect a defect in title. [3] Key differences between a holder and holder in due course include a holder not needing consideration but a holder in due course requiring valuable consideration, and a holder in due course acquiring protected rights not held by a regular holder.
Crossing Of Cheques
There are two types of cheque crossings: general and special. A general crossing involves drawing two parallel transverse lines on the cheque with optional words like "and company" or "not negotiable" written between the lines. A special crossing involves writing the name of a banker across the cheque, with optional words like "not negotiable". The crossings provide directions to the paying banker to not pay the cheque over the counter and ensure the money is paid into an account, making the recipient traceable.
Basics Of Accounting & Book Keeping
Material for PGPSE participants of AFTERSCHOOOL CENTRE FOR SOCIAL ENTREPRENEURSHIP. PGPSE is an entrepreneurship oriented programme, open for all, free for all.
Crossing of cheque
A cheque is a written order from a customer to their bank to pay a specified sum of money to a payee. It has three key parties - the drawer (customer), drawee (bank), and payee (recipient of funds). There are different types of cheques including bearer, open, crossed, generally crossed, specially crossed, not negotiable, and restrictively crossed ("account payee") cheques. Crossed cheques provide more security than open cheques by requiring payment through a bank instead of in cash over the counter.
Paying banker and collecting banker b.v.raghunandan-chapter 6
This document discusses the roles and responsibilities of paying bankers and collecting bankers. It outlines various precautions paying bankers must take, such as verifying the nature of the cheque, branches, references, signatures, and balances. It also describes circumstances where cheques may be dishonored, such as countermanding, notice of death or insolvency. The document provides statutory protections for paying bankers and outlines duties of collecting bankers, such as prompt presentation, crediting, and noticing of dishonors. It defines holder in due course and describes potential liability for collecting bankers in cases of conversion, defective titles, or violating crossing restrictions.
Paying Banker and Collecting Banker-B.V.Raghunandan
The document discusses the precautions a paying banker must take when processing cheques as well as the circumstances under which a cheque may be dishonored. It also outlines the statutory protections provided to paying bankers if payment is made in due course. Additionally, it defines a collecting banker and their duties which include prompt presentation, crediting of customer accounts, and notice of dishonour. Collecting bankers are provided statutory protection if they act in good faith and without negligence when collecting cheques for customers.
Negotiable Instruments
Negotiable instruments are written documents that entitle the holder to a sum of money. There are three main types: promissory notes, bills of exchange, and checks. A promissory note contains an unconditional written promise by the maker to pay a specified sum of money. A bill of exchange is an unconditional order in writing from a drawer to a drawee requiring payment to a payee. A check is a written order from a depositor to a bank to pay a specified sum to a payee on demand.
national income ,GNP, GDP, NOMINAL AND REAL INTEREST RATES& PPP'S
National income refers to the total money value of all final goods and services produced within a country in a given year. It is used to measure the overall economic activity and standard of living in a country. GDP is a key measure of national income and is defined as the total market value of all final goods and services produced within a country in a given period of time. GDP can be calculated using the expenditure approach, income approach, or output approach and includes consumption, investment, government spending, and net exports. While GDP is a useful measure, it does not account for all factors that affect economic well-being such as leisure, environmental quality, and non-market activities.
Ppt descolonizacion
La descolonización de África en la segunda mitad del siglo XX trajo consigo subdesarrollo y conflictos. Muchos nuevos estados africanos lucharon por establecer gobiernos estables y promover el desarrollo económico y social debido a las fronteras artificiales trazadas por las potencias coloniales y las divisiones étnicas dentro de sus sociedades.
Causas y consecuencias de la guerra fria
Miryam Hurtado Mori es una persona peruana. Trabaja como asistente y apoya a otras personas con sus necesidades. Busca continuar aprendiendo y desarrollándose profesionalmente para brindar un mejor servicio.
Dios te ama gratuitamente
Este documento habla sobre el amor de Dios y la potestad salvadora de Jesucristo. Jesucristo se hizo hombre para salvarnos y nos dice a todos "Lázaro, levántate y camina", invitándonos a dejar atrás nuestras dudas y seguirlo confiando en que él puede curarnos y darnos vida eterna.
Separata rv. secundaria
El documento presenta un resumen breve sobre noticias de actualidad y una serie de 30 preguntas relacionadas a acontecimientos recientes a nivel nacional e internacional en diversos ámbitos como política, economía y cultura, con el fin de evaluar los conocimientos generales de los estudiantes. Luego proporciona un solucionario con las respuestas correctas.
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Collection of cheque chapter 2
The document discusses the roles and responsibilities of a collecting banker when handling cheque collections. It outlines that a collecting banker can act either as a holder for value or as an agent of the customer. As a holder for value, the collecting banker enjoys rights similar to a holder in due course. As an agent, the banker must take precautions to avoid liability for conversion. The document also discusses the statutory protection provided to collecting bankers under Section 131 of the Negotiable Instruments Act if they collect payment in good faith and without negligence. It provides examples of negligence and outlines various duties and precautions collecting bankers must follow.
Payment of cheques chapter 1
The document discusses the obligations and precautions of banks when honoring customer cheques under the Negotiable Instruments Act. It explains that banks must honor cheques drawn by customers if there are sufficient funds, and outlines various precautions banks must take regarding genuineness of cheques, customer accounts and balances, and legal restrictions. Precautions include verifying signatures, dates, amounts, endorsements, checking for stops on payments or legal orders, and only making payments that constitute "payment-in-due-course".
Chapter 32 – Negotiation and Holder in Due Course
This document provides a 3-page summary of key concepts related to negotiation and holders in due course of negotiable instruments. It begins by explaining the process of transferring negotiable instruments from one person to another, distinguishing between order paper and bearer paper. It then discusses the requirements for negotiation, types of endorsements, and effects of endorsement. The summary concludes by outlining the requirements to achieve holder in due course status and the rights and limitations of a holder in due course.
Cheque meaning crossing and types
1) A cheque is a negotiable instrument that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque is made out.
2) Cheques can be crossed or uncrossed. A crossed cheque can only be deposited into a bank account, while an uncrossed cheque can be cashed over the bank counter.
3) The essential features of a cheque include being in writing, drawn on a specific bank, unconditional, signed by the account holder, and payable on demand.
Holder & holder in due course
The document defines a holder and holder in due course under Indian law. A holder is defined as someone who possesses a negotiable instrument and is entitled to payment. To be a holder in due course, one must pay consideration for the instrument, receive it before maturity in good faith, and have no reason to doubt the title of the person they received it from. Key differences between a holder and holder in due course are that a holder can take possession without consideration, while a holder in due course must provide consideration and receive the instrument before maturity with a clear title.
Bab 4 Income Statement and Related Information
The document discusses key elements and objectives related to preparing and understanding income statements, including:
- The uses and limitations of income statements in evaluating past performance and predicting future cash flows
- Components of single-step and multiple-step income statements and how they differ
- Reporting of irregular items like discontinued operations, extraordinary items, and changes in accounting principles
- Intraperiod tax allocation and where earnings per share information is reported
Holder & Holder In Due Course
The document defines and distinguishes between a holder and a holder in due course of a negotiable instrument under the Negotiable Instruments Act of 1881. [1] A holder is defined as any person entitled to possession of the instrument who has the right to receive payment. [2] A holder in due course must be a holder for valuable consideration, acquire the instrument before maturity, and acquire it in good faith without reason to suspect a defect in title. [3] Key differences between a holder and holder in due course include a holder not needing consideration but a holder in due course requiring valuable consideration, and a holder in due course acquiring protected rights not held by a regular holder.
Crossing Of Cheques
There are two types of cheque crossings: general and special. A general crossing involves drawing two parallel transverse lines on the cheque with optional words like "and company" or "not negotiable" written between the lines. A special crossing involves writing the name of a banker across the cheque, with optional words like "not negotiable". The crossings provide directions to the paying banker to not pay the cheque over the counter and ensure the money is paid into an account, making the recipient traceable.
Basics Of Accounting & Book Keeping
Material for PGPSE participants of AFTERSCHOOOL CENTRE FOR SOCIAL ENTREPRENEURSHIP. PGPSE is an entrepreneurship oriented programme, open for all, free for all.
Crossing of cheque
A cheque is a written order from a customer to their bank to pay a specified sum of money to a payee. It has three key parties - the drawer (customer), drawee (bank), and payee (recipient of funds). There are different types of cheques including bearer, open, crossed, generally crossed, specially crossed, not negotiable, and restrictively crossed ("account payee") cheques. Crossed cheques provide more security than open cheques by requiring payment through a bank instead of in cash over the counter.
Paying banker and collecting banker b.v.raghunandan-chapter 6
This document discusses the roles and responsibilities of paying bankers and collecting bankers. It outlines various precautions paying bankers must take, such as verifying the nature of the cheque, branches, references, signatures, and balances. It also describes circumstances where cheques may be dishonored, such as countermanding, notice of death or insolvency. The document provides statutory protections for paying bankers and outlines duties of collecting bankers, such as prompt presentation, crediting, and noticing of dishonors. It defines holder in due course and describes potential liability for collecting bankers in cases of conversion, defective titles, or violating crossing restrictions.
Paying Banker and Collecting Banker-B.V.Raghunandan
The document discusses the precautions a paying banker must take when processing cheques as well as the circumstances under which a cheque may be dishonored. It also outlines the statutory protections provided to paying bankers if payment is made in due course. Additionally, it defines a collecting banker and their duties which include prompt presentation, crediting of customer accounts, and notice of dishonour. Collecting bankers are provided statutory protection if they act in good faith and without negligence when collecting cheques for customers.
Negotiable Instruments
Negotiable instruments are written documents that entitle the holder to a sum of money. There are three main types: promissory notes, bills of exchange, and checks. A promissory note contains an unconditional written promise by the maker to pay a specified sum of money. A bill of exchange is an unconditional order in writing from a drawer to a drawee requiring payment to a payee. A check is a written order from a depositor to a bank to pay a specified sum to a payee on demand.
national income ,GNP, GDP, NOMINAL AND REAL INTEREST RATES& PPP'S
National income refers to the total money value of all final goods and services produced within a country in a given year. It is used to measure the overall economic activity and standard of living in a country. GDP is a key measure of national income and is defined as the total market value of all final goods and services produced within a country in a given period of time. GDP can be calculated using the expenditure approach, income approach, or output approach and includes consumption, investment, government spending, and net exports. While GDP is a useful measure, it does not account for all factors that affect economic well-being such as leisure, environmental quality, and non-market activities.
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national income ,GNP, GDP, NOMINAL AND REAL INTEREST RATES& PPP'S
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Ppt descolonizacion
La descolonización de África en la segunda mitad del siglo XX trajo consigo subdesarrollo y conflictos. Muchos nuevos estados africanos lucharon por establecer gobiernos estables y promover el desarrollo económico y social debido a las fronteras artificiales trazadas por las potencias coloniales y las divisiones étnicas dentro de sus sociedades.
Causas y consecuencias de la guerra fria
Miryam Hurtado Mori es una persona peruana. Trabaja como asistente y apoya a otras personas con sus necesidades. Busca continuar aprendiendo y desarrollándose profesionalmente para brindar un mejor servicio.
Dios te ama gratuitamente
Este documento habla sobre el amor de Dios y la potestad salvadora de Jesucristo. Jesucristo se hizo hombre para salvarnos y nos dice a todos "Lázaro, levántate y camina", invitándonos a dejar atrás nuestras dudas y seguirlo confiando en que él puede curarnos y darnos vida eterna.
Separata rv. secundaria
El documento presenta un resumen breve sobre noticias de actualidad y una serie de 30 preguntas relacionadas a acontecimientos recientes a nivel nacional e internacional en diversos ámbitos como política, economía y cultura, con el fin de evaluar los conocimientos generales de los estudiantes. Luego proporciona un solucionario con las respuestas correctas.