What are the advantages in registration of a partnership firm?

Registration of a partnership firm is not compulsory under law. It is left to the partners of the firm to register their firm or not. However,the advantages of registration of a partnership firm   are that the registered firm offers an irrefutable legal proof of the existence partnership and the composition of partners, their address,…

Banking Facility for Senior Citizens and Differently abled Persons

RBI in its circular RBI/2017-18/89 /DBR.No.Leg.BC.96/09.07.005/2017-18 dated November 9, 2017 observed that there are occasions when banks discourage or turn away senior citizens and differently abled persons from availing banking facilities in branches. In this regard, Developmental and Regulatory Policies, released by Reserve Bank of India on October 4, 2017 state that notwithstanding the need…

What are CFT and FATF in banking?

CFT is acronym to Combating the Financing of Terrorism (CFT). Financing of terrorism means providing financial support to terrorist or terrorist organizations intended to achieve political, religious, or ideological goals through violence and the threat of violence against civilians.  The flow of funds may reach to those terrorists from legitimate religious or cultural organizations or…