The objective of the Negotiable Instruments (Amendment) Bill is to provide mechanisms that would make filing of cases more convenient for payees if cheques bounce
The Lok Sabha on Wednesday passed the Negotiable Instruments (Amendment) Bill.
The objective of the Bill is to provide mechanisms that would make filing of cases more convenient for payees if cheques bounce.
The government faced questions from its own members and allies over whether the Bill's provisions could be used by corporates to harass common people.
Minister of State for Finance Jayant Sinha said that Bill was passed by a voice vote and that it would enhance the "integrity of financial system" and not lead to the harassment of the common man.
The objective of the Bill is to provide mechanisms that would make filing of cases more convenient for payees if cheques bounce.
The government faced questions from its own members and allies over whether the Bill's provisions could be used by corporates to harass common people.
Minister of State for Finance Jayant Sinha said that Bill was passed by a voice vote and that it would enhance the "integrity of financial system" and not lead to the harassment of the common man.
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