New Cheque Bounce Bill introduced in Lok Sabha
Advertisement
Advertisement
Advertisement
A bill that provides for trial in cheque bounce cases at the place where the cheque was submitted and not the place of issue was introduced in the Lok Sabha today. This could help solve the problem of millions suffering from jurisdictional issues. The Negotiable Instruments (Amendment) Bill, 2015 was introduced by the Finance Minister Arun Jaitley and is looking to replace an older ordinance passed last month. The last ordinance could not be passed in the Rajya Sabha during the Budget session.
The amendment rules that cases of bouncing of cheques can be filed only in a court in whose jurisdiction the bank branch of the payee is placed in. If a complaint against a person issuing a cheque has been filed in the court with the relevant jurisdiction, all subsequent complaints against that person will be filed in the same court.
Image credit: Indiatimes
Advertisement
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market