Negotiable instrument Current Affairs, GK & News
Lok Sabha passes Negotiable Instruments (Amendment) Bill, 2017 on cheque bounce cases
On July 23, the Lok Sabha passed the Negotiable Instruments (Amendment) Bill, 2017 that allows a court hearing a cheque bounce case to direct the drawer — the person who wrote the cheque — to pay interim compensation to the person who filed the complaint. The interim compensation, to be paid within 60 days of ..
Topics: Banking • Business law • Cheque • Cheques • Economy • Financial services • Money • Negotiable instrument • Negotiable Instruments Act • Numismatics • Payment • Payment systems