91+ Lawyers are online 
What are new cheque bounce rules recently passed by the Parliament
02-Aug-2023 (In Cheque Bounce Law)
What are affects of new cheque bounce rules of the bill ,which is recently passed by the parliament
Hello,
As per the Ordinance, the offences under Negotiable Instrument Act - New Section 143A inserted which facilitates favour to complainant i.e. The court will grant interim compensation on the defaulted cheque amount not more than 20% and that is to be payable to complainant within 60 days from the date of order. The order will be passed after the accused appearance and when he pleads not guilty.
As per the Ordinance, the offences under Negotiable Instrument Act - New Section 143A inserted which facilitates favour to complainant i.e. The court will grant interim compensation on the defaulted cheque amount not more than 20% and that is to be payable to complainant within 60 days from the date of order. The order will be passed after the accused appearance and when he pleads not guilty.
Helpful?
21+
21+
Adv. Geeta Tirandasu
Hyderabad | 100+ Answers
CONTACT NOW
The amendment rules in the Negotiable Instruments Act are yet to be notified by the government and shall come into effect once notified. The bill is required to be cleared by both the houses of Parliament to become an Act.
Helpful?
25+
25+
Adv. A. Shivani
Hyderabad | 25+ Answers
CONTACT NOW
the bill is not effected in the new act till now and if the bill is effected if the person drawee shall need to be bound to repay the money in a certain time frame or else he will be tried summarily and convicted for the offence
Helpful?
15+
15+
Adv. Innamuri Balasubramanyam
Rajahmundry | 500+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Cheque Bounce lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
