#News #Legal #ChequeBounce
The Legislative Management Committee has reached a consensus on imposing a five percent penalty on the mentioned amount when a bounced cheque is brought into the legal process. This decision comes as a measure to address the issue of dishonored cheques, ensuring accountability in financial transactions.
Bounced cheques have been a recurring problem in the financial sector, leading to disruptions in business transactions and financial losses for individuals and companies alike. The move to introduce a penalty aims to deter individuals from issuing cheques without sufficient funds, thereby enhancing trust and reliability in the banking system.
This decision by the committee reflects a proactive approach towards tackling financial misconduct and ensuring that monetary transactions are conducted in a transparent and responsible manner. It is expected to streamline the legal process concerning bounced cheques and provide a clear framework for addressing such incidents.
In response to this development, Ramesh Khatri, a representative of Kansai Nepal News, commended the decision as a step in the right direction to promote financial integrity. He emphasized the importance of holding individuals accountable for their financial commitments and expressed optimism that this measure would contribute to a more robust financial system in the country.
—
Author: MAYA | HARUTO
Posted at: March 12, 2025 7:03 pm
