Google Dictionary defines securitisation as the process of “conversion of asset into marketable securities.” Investopedia defines Securitisation “as the procedure where an issuer designs a marketable financial instrument by merging or pooling various financial assets into one group.” Money or Currency or Bank Notes is in my opinion, one of the earliest examples of securitisation, even before…More
Author Archives: Nirmal Ghorawat
The author is a member of the Institute of Chartered Accountants of India.
Capital Allocation Psychology – Profit booking / No loss booking and Averaging
A largely prevalent Investor / Trader psychology is to make gains in every script in the portfolio (even if assessing returns on investment on the whole portfolio). So these investors / Traders are quick to book profits on positive movement in certain scrips and also endlessly wait on scrips with a negative movement, sometimes also…More
INTERPLAY OF BENAMI LAW, AS AMENDED IN 2016, TRANSFER OF PROPERTY ACT, 1882 AND REGISTRATION ACT, 1908 IN CASE OF PART PERFORMANCE OF CONTRACT OF TRANSFER OF IMMOVEABLE PROPERTY (SECTION 53A)
According to para 2 of Section 54 of The Transfer of Property Act, 1882 – Transfer by way of Sale in a Immoveable property of value exceeding Rs 100 can only be made by way of a Registered Instrument. However, on account of Part Performance as enumerated in Section 53A of the Transfer of Property…More
Moneylending related offence included under PASA in Gujarat
The Governor of Gujarat has promulgated ‘The Gujarat Prevention of Anti Social Activities (Amendment) Ordinance, 2020’ with effect from 07 September 2020. Clause (ga) inserted in Section 2 defines a “money lending offender” to mean a person, who commits or attempts to commit or abets the commission of offences under Chapter IX of the Gujarat…More
Banning of Unregulated Deposit Schemes
1. The Government of India has promulgated ‘The Banning of Unregulated Deposit Schemes Act, 2019’ (21 of 2019) and it has commenced from 21 February 2019. Further, the Department of Financial Services, Ministry of Finance, Government of India, has notified ‘The Banning of Unregulated Deposits Schemes Rules, 2020’ with effect from 12 February, 2020. 2.1…More
