Credit Documentation Precautions 3rd Part Guarantee Advanced Banking Management CAIIB



Advanced Banking Management CAIIB all important to know about credit guarantees, where guarantee/ personal guarantee is to be taken special portion is in case of companies.
Difference between pledge and hypothecation. Precautions for documentation
The documents are got signed by banks from borrowers and guarantors with a view to establish a contractual
relationship and their liability in a court of law, in case of need. Further, the documents are got executed to create charge over the
securities, for securing the loan.
Where security (say property) in the name of another person is charged, the said other person should be made guarantor and then
asset got charged as security for the bank.
The general precautions in documentation include:
1. Payment of proper stamp duty. Further, the payment of stamp duty should be before obtaining the signatures on the document.
Date on the documents should be on or after the date of purchase of stamped papers.
2.Executors should have proper authOrity to sign the documents if these are signed on behalf of the borrower.
3.Documents should be filled before these are signed.
4.In case of companies, the charge should be filed with ROC for registration with in 30 days from date of document, where
required.
5.If document require registration with Sub-registrar, these should be got registered. GET 3000+ JAIIB PREVIOUS YEAR QUESTIONS, Study Notes, Videos
https://goo.gl/M8zMrV
————————————————————-
GET 4000+ CAIIB PREVIOUS YEAR QUESTIONS, Study Notes, Videos
https://goo.gl/QGq6Sc

Accounting & Finance for Banking

Principles & Practices of Banking Module E Pdf

Free
Module E PPB ePDFs available in our android app. Get them all at https://iibf.info/app

Accounting and Finance for Banking Module A Pdf

Free
Accounting and finance for bankers all ePDFs are available in our an app. Get them all at https://iibf.info/app

Accounting and Finance for Banking Module A Pdf

Free
Accounting and finance for bankers all ePDFs are available in our an app. Get them all at https://iibf.info/app

Leave a reply

Please enter your comment!
Please enter your name here

Learning Sessionshttps://iibf.info
Btech, JAIIB CAIIB and a tutor. Have taken more than 900+ hours online classes with more than 1,25,000 students

Popular

Free Live Classes

spot_img

More from author

JAIIB Mega Mock Test for Free | Principles and Practices of Banking

ppb mock test:- Jaiib Exam 2020 dates will be announced soon for May 2020 by iibf. It is high time for preparing for all...

JAIIB Study Material Principles and Practices of Banking Live Class Previous Year Questions

https://www.youtube.com/watch?v=BG2s7lPiX9A Jaiib Study Material PDF Notes Papers Mock Tests - In this post you can get JAIIB Study Material PDF files as shared by other...

Principles and Practices of Banking – PPB Most important Questions

Hello friends, today in this article by the learning sessions we will share important questions and memory called topics of PPB that is principles...

JAIIB Exam 2022 Syllabus, Dates, Pattern and Fee all Details

JAIIB EXAM Dates 2022 Junior Associate of the Indian Institute of Bankers Exam or JAIIB, as commonly called, is conducted as a career progression exam...