Cheque Bouncing Is Likely To Become Non-Bailable Offence From The Year 2017

Cheque Bouncing Is Likely To Become Non-Bailable Offence From The Year 2017

With a great move to 2017, the Centre has now felt the urge to go through the cases relating to check bouncing. The government has plans to introduce stricter punitive measures for dishonour of cheques along with various necessity amendments in the coming budget session. As per the report received from media, in the last week of January when Parliament is set for the budget sessions, the government is thinking to amend the slow. Presently it is possible that government amends a bailable offence into a non-bailable one. Various trading associations have appealed to the Ministry of Finance and asked them to take necessary steps by enforcing stringent punishment in cases related to dishonour of cheques. These traders have suggested that the person whose cheque is bounced must be given an imprisonment within one month of the bouncing of the cheque. This is contrary to the present law where cheque bouncing is a bailable offence and the defaulters generally escape imprisonment due to long trial.

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