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    Syed Sulaiman
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    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    3 views15 pages

    Banking Law

    Uploaded by

    Syed Sulaiman

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 15
    EFrECTS O¢ DEMONETISATION - ($0c10 -LEGAL SURVEY 1 BANKING LAW - INDEX SNO_[ToPIC PAGE NO. | ABSTRACT ' _2| IntRaDUcTION 2 3| REASONS FOR DEMONETISATION 3 | Wy |EFFECT OF DEMONETISATION IN 5. VARIOUS SECTORS 5 |impact of DEMONETISATION ON 7 ANDIAN ECONOMY 6 | NE@aTives a 7 | EFFECTS ON LEGAL SysTEM 10 8 | DEMONETISATION -ILLEGAL hv a CONCLUSION 13 ‘Scanned with CamSeanner Abstract Dernonétisation tn delind a a pre by which Currency unit, axl not vemain legal andar Demonetisation +. a ualep talen Joy the government chee Cusaaniy und, are ceared of uh atetw Gr Jegal tend - Demonetis ction can be cid a change o Cussency whee new unit of Cuwaancy replace Khe old one The cusnancy har teen demaraticed thie im Indio The fivst demmetisation son on 12% Tan 1446 recon on Wo Fon (978 and Ichird wer on 8" Nov A016 The study acttermnpt, to undoutemd meaning and Yeas of dcermonetisccion Sector We impact of do mametigatian , ef Feds on \egak Avptom Ths acudy alo qu a7 \rvightt in to 4 ; monetisakion cha. positive and magative Impact ga da on \ndan economy - ‘Scanned with CamSeanner ‘Intro duction Jemunetsation a the prem gf ceasing oO unit of omonaty ak Statu ar Aegal ander Demareticatin Ya a macenony condition dor changing the old cumenty usrth neus Uni of “money Le moy involve the introduction af naa “note: ov com, gh thy 9Gme damonetisation oY Completely mas danommaticn: The governement believe that thin Cormency toc us Feqiunad Aor Ae Ink gaint Greyson sto Yemove Gntrol Jour main ecacre To Inflation to 419) counteafert Cursancy and te uacourage, = the cox Aorannaction “Tre Gpveswment ~neadad decision secret So thet the tow Kee4> dine evade would enot Le cwan of thi, Clean-wp anwsion dxfore the Onnsunce ment of damonetisation ‘Look place - ‘Scanned with CamSeanner Recaro jor Demuneti sation tDemonetisation ua a bold and evolutionary action taken by the govenmant Oo} India +o cur black Money oma one thet watt hove the cmadlal econorny Yn the dap Impact om arm P csuntry Packet, and person uth blectc ~menay con Joe Identified — vrrth thin move: a, Fake Cunency Note have deen warted by etisation - Withdmung higher. cweency note unt hae & Seow impact claenon louk ay the economy on ‘the. jake cusnency Syndicctr thus pecsing an end to tre tervr Junding vn Jammu and Kahmiv, Noxalrte hit tote, ond Notth-eartion State ~The Sake cussanay with racketers Thave bean left in note unth high Securty 5 Vain and naw Cuerancy vmaking a Counterfer Impastilale: Demenatiscrtion eee converted ‘those Jake cCwoency sncla int @ cmos pleas J pape ‘Scanned with CamSeanner 3, Demonetisation, -mette war te encouage the coutrlers (digital economy - Mere and raeve ccuhteu ov deu-cash trramaction us ll lead to more cshith ual Incecue the Aiicleswe of income Aiveck tox Collection: Elecevenic meds J prty mast Dire onlina Eranacton ) E-watlet, E-benting 4% and cond (crude etc ual wage g dels Huraty cate, the «= Sulntantial jncvecie in Amand es TH step actually made mmenay usth Maoist worthless All Such cusmency wn now diux pieces of Papo Sole Wu Lebived thak the longstinn Lene}. Short tes je“ GDP growth wil oukweight the eranktional impact We AB NUD heeding Q-1° GDP grrwth boy 4owends > Febs- 2019- AIF. L ‘Seamed with Camseanner Effect oy Demonatisation In vaxiouw Eee Thu Sector would de one of the most affectsd Sectors: Secome a ™MAYOr portion of this Lerannaction depends on couk Buildin, dacech amex pectad dob 3 Salu- oa cash crunch cue & Cash hare bean prtled. Most 3 the accounted louse Soy Aa monsti sation dro che Suyrtam * aiGarne and TeusDoy - The inpace 4 damonetisation in thi sector wa qe high - Many Jewellers atontad — Selling ot more “nan dnt ona Ket, pre +o kale gold advantage @ Jvanned soln which teutld In income gg Toits Such Jewellers - piBonk - Bunn Jeecarme Che Bagge Leneficiaries aie Jiqpadicis position \nencned - ly ada anfereirnnens WAY Dernetisatio reaulted in lene numa G Weer - ~ atctad the Jie industay - ‘Scanned with CamScanner lee ee indian tourum Abies | iempacted, ax tha ~mayority of Spending 4 in Couh - Most o} tha luxury Jereign ps oe sporacied. rave Lean Severtly doy Slack money har Come % a halt» Furth > ‘the Slmrodoun us ale jaud Jy Ahe vertawcots rugrnaen with the imataliy af Cosh - 6 shuxussy SE Magorty, o} the people spend thal, Unaccourrtad -moray Om luxenie The -mayor decline 19 Jecawe buys prde % poy a tus whirle- demand, hax keen Sean in ctu ~whoele, Ui nas in Ceuh Jer Buying 3 Aqprcuttion Thane can VORCU Jactoe impacting ag~riculbeas Guth an Ade iter toution 1 MAA Keeki ng rnd forandpety Guth Jace ee dominantly Couh— dependent The Smad gonmer Sething thus produch on daly a Ara wholeale canter nos Ge Den Trvpacted fr babar -sntunsve Bese’ Limrtertiom on Urthdsawal amount tym the Shea Olkdad the veally payment te dandy ust lobar. ‘Seamed with CaScanner Impact of damoneti sation on Indian economy - Positiver- Ae LDemonatisatian har choked tha blac -monay - ut gq tecal Cussancy vshich Ge Re U1 lath cove, Ria latch core us extincted a Back -meney - a Demonetisation breught re honruangy & the ‘creamy simproved Lngletian cutlsok cna \nusased GDP g Indua- Is, Demenstis ction eaultad in the ~eduction a} pre a} land ond propedty hp The Sudden vsrthdrawdl cb block -menay Gt ce Surgacal Sore to hawala opencctions SDemenatisason wor a Mighty bles Xone Countinfere, \nduan Cumancy The dacigion eS bean old Cussanncy noe a Re Seo and Ri loos ns. and ~replacing Ahem Ustth «aw ons completly Sucksd the cituderion O Jaks caerency - 6, ANN Chane gh terror 4inancing are Closed with che cont] im the circulation O count jak Crovancy ond hawola opercetor - ‘Scanned with Camscanner Fi caovency kan proved to be a Sevmic attactk on Maoist Movant -Blacis meney ae the mcg of Sounca Y Jung or Maoists «Maoist Used t Fuue CMIA GF MUpen CYrually through extertion: Such Unaccountad — ynoney Wen wed % purchare Oar and cummmunitsen Dus to Aamonatiiction , oft lacie cmeneg wn saduad G plea S pope B, Stone petting rar raducad In Karhmir Jeecaune QJ net hon Ax seperd by Intelligence aggncien \;Q00 CTOTe OM went fonnuahy doy Pakutan te the separatist, der frecting choes 14 Kauhmir - The money ko sino sepancduits wey With hawales Jommattens — completaly custeled AevarnFexad Arough Wreeseater- day Seporcitizt, curate ly on __| ‘Scanned with CamSeanner Neggectiver- 1 Demonatisertion gave ‘ue to Uigui dity problem om people Jound Ve AifFicute gee Sayh cient amount q ch to Jed, Are. bale reed. -Manganal secxion gy the Society Aofends on ctuh to meet thas Baty teranaaction athe clan g Society ouch ax Aadly wage att ‘etter and other masafnal wae couh more oftin “Tha Jobowa , 97 gecrion y tha Society Section o ‘tre Soclety Trove lest thi, income vy tne Beatty of couh - yeardly affects the Is. Coun scoacty od Gsraumpson elhuviaa 0} the pesple in Inclia. ueThe income» Wnvertma de )comaumption potiian etc. 5, Though the abjeckive user ‘te Cleon blacle money.» war not cxcesmplished » The yetuon wen most im “the Jom gy lon ugold ' DP hack dacrecued - Demonerisatt., Saduied oe oO} the Hct mona, Lear steve ‘Scanned with CamSeanner Effect on legal System * Se HN 1) India ,a losgely couh-bued economy »people ‘the counteny har eon jesling the aealm Y a) struggling we get lowe cussancy Ws led to the semuggle i Sarnoneti sation doremimation the proau g gexing j ustice thay dont hove enough mony G tile Ue? Pay lausyenr > poy countfean, ke 21 De amanets sertion » ‘Che lawyer saguorted the Guyoat Wigh Cont to grant seme techs] fee the Lutigank oA \auyen to pile coe payment. 3a Count Fear, rrrnehy on ede the = payment usowld de wade Unthout Undlertating On ar a dak trge: ‘Scanned with CamSeanner \ The damonetiscdion notification egal Decceure, ie goes Reyond “Cre Scope oJ Loheet ua permitted Undn tha Rue Bank @ India Act, 1934) 2 Thee wen Gio abvidegment of Fundamental ~“ignts te ynovernant Avticde Jay (ay Arvada ot Lucire > Daticte 19 (1395 Vivetihod ; Article © Cle) Aieide Cy) Eqyratity - Init Violates the constitutional ight +o prepay undan Prticle cod the stcde may daprve on and ret dy executive vwdivdudd of propos ony Soy “lqal spotification aa the government hon dene \une- The gevenmanti ertincna % extinguish tly Leite to wae on dobt tw the people. \eepenmnioe ne BOYS osnvigteducmel “aight Xe pepets Molen che Br The extootinaay thandahup comed Sey Gamanctis aor ron paced, Jundamen til ght, ‘Seamed with Cameanner beads Jrutines ond Aavcthoed, ag) tut Seckion g) tre population ond tha Night % Ae Ade of chose who heuwe dad Tha noerFiccekicn ws uncensrtuction al undes Arciclar (9 4 27 > Jor vielating ttn 4undamedal gh niThe Notification able lacmminaté, Sicteuseen i Se er Ypoldssr cand nen such a Clawpeck| coweanmart han angued thet ve necoscay achiee tha lajectivr S eLimnimnecting Unaccourtad monay ymsstea Qe tha Govesrnant el cred ogee thet Jos/-¢ jche Popetation he dhe vsruane F thu auxprs snotifi cation. Che dq doank account pert Aaueation may he aurcciled an Gabirtyeay ond Volatne oF the ight te equality ands Aritte Ne ‘Scanned with CamScanner Gonclurion- wee Tha move by Khe Qovanmant damonstise Old cussancy and teplacing Ve With «tha Nate ona har tales the county Joy Aunprue The moe Wear an ejfor te handle tha ‘thoact g} iMlegal moray > carupstin ) tency Juncling and Counto fuk Cusaaney s The damonetisation caused liqnidrty crunch \n the countny Bante and ATMs joced Beran Cou Shortage = unth detrimental eflectco Voxiow = arnoall Soureer ) agricubiaas and, Keranupertestion The objects y cha demonekisation oti Ficakien may be Jaudcdeble, usreknes Sone CBB Hicertion UW achiee LKhee obetid i dabatable The Sppeme Coma wet Not enketcin cagumant, ~

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