8/9/2019 Syllabus of Banking & Insurance Law

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GALGOTIA UNIVERSITY

SCHOOL OF LAW

SYLLABUS

Course Title: Bankin ! Insuran"e La#s Course Co$e: LLB %&'

LLB Se(ester II

Course )es"ri*tion

The emerging changes in India,  particularly after the initiation of the planning process as an

instrument of rapid economic development had moulded and affected the banking structure,

 policies, patterns and practices. The commercial  banks entered 'into the field of wide ranging

financial assistance to industry, both large and small scale, requiring the need for social control of 

the banking system eventually leading to the nationalization of banks. The insurance idea is an old

institution of transactional trade. The age old form of insurance was the marine insurance.

!onsequently, in due course of time fire and life insurance, made their appearance. "ithin the last

hundred years the insurance principle is being e#tended wider. Today one finds insurance cover for accidents, motor vehicles, glass, live stock, crop, burglary and various other disasters. Insurance is a

device not to avert risks, calamities and disasters$  but to mitigate their rigours and. financial

losses. The function of insurance is to spread such loss arising from risks of life over a large

number of persons.

!ourse %b  &ec t iv e This course is designed to acquaint the students with the conceptual and operational parametersof 

 banking and Insurance law, the &udicial interpretation and the new and emerging dimensions of the

 banking and Insurance system.

!ourse %u t come s now the scope of (aking and Insurance sector is getting wider from the conventional role.)tudents to be well acquainted with the conceptual as well as  practical aspects of (anking andInsurance *aws as per the changingscenario.

+e dagogy 

*earning begins with )ocratic ethod to be followed by dialectic process of learning and cr itiquing$

gradually to develop in case studies, research and finally to go for art of lecture and convincing thelisteners.

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-valuation ) c h e m e 

/ !ontinuous -valuation0

i/ +ro&ects 1 marks for pro&ects2 marks for presentation/

(/ !entralized -valuation

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i/ !T I !ontinuous 'ssessment Test 14

.ii/ !T II !ontinuous 'ssessment Test 14

.ii/ )emester -nd -#amination )--/ 54

)yll ab u s 

Total 144

67IT 8 I 0 (anking ) y s t e m  in  I nd ia 

a/ Indian (anking )tructure %rigin 8 -volution of (anking Institutions, 9inancialInstitutions Types and functions of banks. b/ :elationship between banker and customer 

 •  7ature and type of accounts

 • !ontract between banker ; customer 

 • (anks duty to customers

 

• :ecent Trends in (anking0 utomatic Teller achine and Internet (anking, obile

(anking, )mart !ards, !redit !ards.

67IT II  (anking :egulation * aw s 

a/ :eserve (ank of India ct,

1 b/ (anking :egulation ct,

1<

67IT   III * aw  relating t o   7 e go t ia  b le  I n s t r  u m e n t s , 1 ?? 1  ct

a/ @inds of  7egotiable Instruments0 +romissory 7ote, (ill of -#change, !heque 8Aefinition and 7ature.

 b/ Bolder and holder in due course0 +resentment and payment8 +arties 87egotiation

'ssignment 8 +resentment 8 -ndorsement 8 *iability of parties 8 +ayment in due coursec/ !rossing of !heques0 %b&ect of crossing$ @inds of crossing 8 general, special, not

negotiable ; account payee crossing$ "ho may cr ossC.d/ *iabilities for Aishonour of !heques 0 Aishonour of cheque for insufficiency etc. of

f unds$ cognizance of offences .

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67IT I D  *ending,  )ecurities an d  :  ec ov e r  y  b y  ( an k  s 

a/ +rinciples of *ending

 b/ Aefault and recovery, :ecovery of debts, Aebt :ecovery Tribunal.

c/ )ecuritisation and :econstruction of 9inancial 'ssets and -nforcement of )ecurity Interests

ct, 3443.

67IT D I n s u r  an ce 

a/ 7ature Aefinition Bistory of Insurance Bistory and development of Insurance in India

 b/ *egal 9ramework 

 

• Insurance ct, 1

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14/ :.). 7arayana, The :ecovery of Aebts due to (anks and 9inancial Institutions ct, 1/ %. +. J9aiziE ; 'shish 'ggarwal, @hergamvala on The 7egotiable Instruments ct

1/ :anganath isra, (hashyam ; 'digaEs The 7egotiable Instruments ct

15/ 'vtar )ingh, 7egotiable Instruments

1G/ ). @rishnamurti 'iyar, *aw :elating to the 7egotiable Instruments ct

1?/ @.).7. urthy ; @.D.). )arma, odern *aw of Insurance in India

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