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Get Rid of 10 Legal Misconceptions in Financial Matters

By SiliconIndia   |   Tuesday, August 27, 2013
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Bangalore: Whenever it comes to anything related to law, we consider ourselves to be laymen and follow whatever is popularly believed. Starting from being a guarantor for a friend’s home loan to filing a civil case in court, we follow rules that don’t even exist. Here are some of the popular myths broken and, financial matters explained that are actually followed under the law, reports Sakina Babwani of The Economic Times.

1. Court needs original documents

Yes it does! But only during the hearing. One should not submit the original documents while filing a plea as there is a good chance of losing the documents. As per the Civil Procedure Code, 1908, a complaint should be accompanied by affidavits and photocopies of the original documents. The photocopies should be certified and duly attested by a gazetted officer to ensure its authenticity. The originals are however required during the hearing of the case only.

Originals should never be submitted to anyone under any circumstance. A safe way is to keep scanned copies of the original document in computer or on the cloud via Google Docs, Windows Live Sky-Drive.

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