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Cyber Laws in IT & ITES

With the phenomenal and enormous growth of Internet specialized branch of Law called Cyber Law.

Immigration & Emmigration

When a person enters a new country for the purpose of establishing permanent residence and ultimately gaining citizenship , it is called

Immigration.But the residence of immigrants is subject to the conditions set by the Immigration Law.

Banking Laws

During ancient times, the temples of Egypt, Babylonia, and Greece practiced a simple form of banking which loaned the gold and silver deposited for safekeeping at a high rate of interest. Private banking came into existence by 600 B.C. It was subsequently developed by the Romans, Greeks, and Byzantines. During the medieval period, banking was mainly practiced by the Jews and Levantines because of the strictures of Christianity against interest and most of the occupations were dominated by the Jews. Modern banks were engaged for specific purposes. For example, the Bank of England (1694) and the Bank of Venice were hired in connection with loans to the government and the Bank of Amsterdam (1609), to receive deposits of gold and silver.

Throughout the 18th and 19th century, the rapid development of banking has led to the expansion of trade and industry. Each nation has evolved its own distinct form of banking, peculiar to its social and economic life. So the banking regulations vary across nations and jurisdictions but have similar policy, goals and requirements.

Banks are differentiated according to their primary functions Commercial Banks (national and state chartered Banks), Trust Companies, Stock Savings Banks, Industrial Banks, Co-operative Banks, Mutual Savings Banks, etc.

Though the inception of Bank in India dates back to 1786, proper Banking regulations came into effect only after independence. During the early phase, all Banks were owned and managed by private sector. Thereafter, since 1955 the Government took major steps towards reforming the Banking Sector through nationalization. In India, the Reserve Bank of India, which is the Central Bank of the country, regulates the Banking Industry, while in the United Kingdom the Bank of England supervises the entire operation of the banking industry. In the United States, the subject of Banks and Bank Accounts are being governed by both State and Federal statutory laws.