Saturday 26 July 2014

ma0037 smu mba summer 2014 IIIrd sem assignment

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DRIVE-SUMMER 2014
PROGRAM-MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3)
PGDBMN (SEM 1)
SUBJECT CODE-MA0037
SUBJECT NAME-BANKING RELATED LAWS AND PRACTICES
Q1. Refer a bill of exchange and discuss its features. Elucidate the difference between a cheque and a bill of exchange. (Bill of exchange and its features, Difference between cheque and bill of exchange) 5, 5
Answer:
Bill of exchange
A bill of exchange is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay (on demand or at a fixed or determinable future time) a certain sum of money only to, or the order of, a certain person or to the bearer of the instrument.

Following are the essential elements of bill of exchange:
1. It must be in writing.
Q2. A person deposits some jewellery with a bank as a security for a debt. After repaying the debt, he demands the return of the jewellery. He owes some other debts to the bank. Is he entitled to recover the jewels from the bank?
Discuss the lien and differentiate types of lien. Explain Rule in this case. (Lien and different types of liens, Rule in clayton’s case) 5, 5
Answer:
Lien
Lien means a right of one person to retain possession of some goods belonging to another until some debt or claim of the person in possession is satisfied. In lien possession is essential and in order to create a lien the nature of possession should be:
·         Rightful
·         Not for a particular purpose
·         Continuous


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Q3. A mortgage a certain plot of building land to B and afterwards erects a house on the plot. For the purpose of his security, B is entitled to the house as well as the plot. Discuss the right of mortgager and mortgagee. (Rights of mortgager, Rights of mortgagee

Answer:
Rights of mortgagor
1. Rights of Mortgagor to redeem - At any time after the principal money has become due, the mortgagor has a right, on payment of the mortgage money to require the mortgagee to deliver the mortgage deed and all documents relating to the property which are in the possession of the mortgage.
2. Obligation to transfer to third party instead of re-transference to mortgagor - On fulfillment of conditions which require the mortgagee to retransfer, the mortgagor may require a mortgagee to assign the

Q4. Bangalore based Janalakshmi Financial Services has recently completed a securitization transaction worth INR 250 million with IFMR Capital. Closed on August 18th, IFMR Capital’s latest transaction Delta Pioneer IFMR Capital 2010, is backed by 35,560 microloans originated by Janalakshmi, a microfinance NBFC (Non-Banking Financial Company). Explain registration of securitisation company or reconstruction company. Discuss the documents involved in this transaction. (Securitisation registration, documents) 7, 3
Answer:
Registration of securitisation company or reconstruction company

The securitisation company or reconstruction company can commence or carry on business only on complying the conditions below:
a. It has to obtain the certification of registration in the prescribed format from the reserve bank.
b. It has to maintain the owned funds not less than Rs. 100 crore or such other amount not less than 15% of total

Q5. Are digital records admitted as evidence under Banker’s book of evidence act?
Discuss the conditions in the printout. (Banker’s book of evidence act, conditions in the printout) 5, 5
Answer:
Banker’s books"Banker’s books” include ledgers, day-books, cashbooks, account-books, and all other books used in the ordinary business of a bank whether kept in a written form or as printouts of data stored in a floppy, disc, tape, or any other form of electro-magnetic data storage device. Banks keep the accounting details of their customers in various forms like ledgers, registers, etc. These books are required to be produced in original,

Q6. Rohit is not a customer of the bank. He is a university student. He applies for a banker’s cheque at the extension counter of a bank. He was refused at the first instance but the bank realized its mistake and agreed to issue the banker’s cheque. The process took more than 4 hours. What is the recourse available to Rohit? What type of documentary evidence can Rohit produce? What is the procedure for redressal of grievances under Banking ombudsman scheme? (Recourse available to Rohit, Documentary evidence, Banking ombudsman scheme) 2, 2, 6
Answer:
Recourse available to Rohit
He should  compliant to Banking Ombudsman. The Banking Ombudsman has the powers to deal with any other matter as may be specified by the Reserve Bank of India from time to time. Any person who has a grievance against a bank relating to the banking services for reasons as detailed above, may himself or herself or through his or her authorised representative make a complaint to the Banking Ombudsman within whose jurisdiction the

Get fully solved assignment, plz drop a mail with your sub code
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Charges rs 125/subject and rs 700/semester only.
our website is www.smuassignment.in
if urgent then call us on 08791490301, 08273413412


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