All You Need To Know About Banking
The need for banking lawyers arises for the matters related to borrowing and lending transactions and the laws related to it. We at Legistify are here to help you hire a top rated banking and finance lawyer in India for matters falling under Indian Contract Act, SARFAESI, DRT, RBI (including, notifications, circulars, master circulars), Transfer of Property Act or any other banking and finance legal requirements.
- What are banking & finance laws?
Banking and Finance Laws are basically covered within the purview of Corporate Laws. These laws are related to the borrowing and lending transactions. The law which would apply in a ‘Banking and Finance’ transaction would depend upon the underlying nature of the transaction. These transactions can be both domestic (on-shore i.e., where the parties are situated in India) and international transactions. Typically, Indian Contract Act, SARFAESI, DRT, RBI (including notification , circulars, master circulars),Transfer of Property Act etc, are applicable.
- Who are affected by banking laws?
- Borrowers (corporate (irrespective of size) / individual);
- Lenders (typically banks/ FIs)
- The third party security provider (people giving, guarantee or pledge of shares or security of either movable or immovable)
- What is the need of a banking & finance lawyer?
Since this is a very specific area of law pertaining to the banking transactions, therefore, expert lawyers are needed to deal with such cases. They need to have an understanding of banking and finance laws, as well as the contents of the transaction documents, as the negotiations mostly revolve around the nature of liabilities and the obligation which are assumed under such documents.
- Why do you need Legistify?
We, at Legistify, help in easing the process of hiring lawyers for you. We provide you with the detailed profile of top lawyers all over India within the Specific practice area with good experience. All the lawyers are specified and reviewed personally by the Legistify team. Our case managers understand your queries and then provide you with most suitable lawyer options, so that the decision is in your hand.
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