What is Contract :
An agreement enforceable by Law
is a Contract.
2. Intention
to create legal
relations
3. Lawful
consideration
4. Capacity of
parties
5. Free consent
6. Lawful
object
7. Writing and
registration
8. Certainty
9. Possibility of
performance
10.
Not expressly declared void
Kinds of Contract
:
(01). Valid (02). Voidable (03)
Void (04). Unenforceable (05). Illegal
What do mean by
Basel –I & II?
Basel is town, situated in Switzerland,
where two conferences
were held
under
the supervision of
BIS (Bank
for
International Settlement) with its
12(twelve) member
countries in 1996, for the first time,
and in 2004, for the second time
which are recognized
as Basel-I and Basel-II respectively.
Basel-I : In this conference capital adequacy for a Bank was fixed at 8% which was re- fixed at
9% in Bangladesh
in 2002.
Basel-II : A framework for Bank Companies was prepared on the basis of three pillars namely (1) Minimum Capital requirement, (2) Supervisory review process
and
(3) Market discipline. It was also concluded in the conference that three risks
would have to be covered by banks as (1) Credit risk (2) Market risk
and (3) operational
risk.