+91 88262 30101Banking
Banking law may be defined as the laws and regulations governing the legal relationships between banks inter se, between the banks and their customers, and other interested persons. There are a broad range of subjects distinctive to banks and banking law.The main purpose of a bank regulation is to protect consumers, ensure the stability of the financial system, and prevent financial crime.
There are various banking laws and regulations which are mainly or partly related as to how the banks function in the country, they are as follows:
- Reserve Bank of India Act 1934
- Banking REgulation Act 1949
- Prevention of Money laundering Act 2002 (PMLA)
- Foreign Exchange Mannagement Act 1999
- Recovery of Debts Due to Banks and Financial Institutions Act 1993 (DRT Act)
- SARFAESI Act 2002
- Lenders Liability Act
- Banker's Book Evidence Act 1891
SangsLegal: Elevating Legal Services from Anywhere
As a pioneering virtual law firm, SangsLegal is redefining the standard of legal services made accessible from the comfort of your own space and provides its users with unrivaled legal guidance and support that specifically caters to your needs enabling exceptional legal expertise to seamlessly reach you, irrespective of your location.
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Frequently Asked Questions
A "virtual law firm" is just a legal office that operates entirely on the web. It is just like a traditional firm but these online law offices are subject to the same regulatory rules. So, you can trust that the legal services you get from them are on the up and up.
Virtual law firms are seriously cool for clients. They focus on giving you a custom experience using online platforms, which can make dealing with a lawyer a breeze. They use stuff like easy-to-use communication platforms for both sides. You usually find this in the form of web chats, video chats and even interactive virtual assistants. Plus, technology helps lawyers work faster. So, you can expect quick delivery times when you work with virtual law firms.
-It's cost-effective!
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With cloud-based platforms, our team can collaborate effortlessly, irrespective of their geographical location. Investing in video conferencing tools, messaging apps, and project management software will not only boost communication but also optimize the workflow processes.
Foster a culture of regular check-ins, virtual meetings, and video conferences to ensure our team is always up-to-date. Leverage instant messaging platforms such as Slack for swift, real-time questions and updates.Here's an idea - setting up dedicated channels for specific cases or practice areas.This will keep your discussions on point.1
