{"id":39636,"date":"2018-01-29T13:22:00","date_gmt":"2018-01-29T13:22:00","guid":{"rendered":"https:\/\/www.edristi.in\/?p=39636"},"modified":"2018-01-29T13:22:00","modified_gmt":"2018-01-29T13:22:00","slug":"negotiable-instruments-amendment-bill-2017","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/negotiable-instruments-amendment-bill-2017\/","title":{"rendered":"Negotiable Instruments (Amendment) Bill, 2017"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question- On January 2nd, 2018, the Central Government introduced the Negotiable Instruments (Amendment) Bill, 2017 in Lok Sabha. Consider the following statements related to this:<br \/>\n(i) The proposed bill provides for the removal of unnecessary delays in disposal of check bounce case.<br \/>\n(ii) According to the proposed bill, the concerned court can issue an order to interim compensation to the complainant from the issuer of check.<br \/>\n(iii) The amount of check issued in the interim compensation amount cannot exceed 30 percent.<br \/>\nWhich of the above mentioned statements \/ statements are correct?<\/strong><br \/>\n(a) Only (i)<br \/>\n(b) (i) and (ii)<br \/>\n(c) (i) and (iii)<br \/>\n(d) All of the above<br \/>\n<strong>Answer: (b)<br \/>\nRelated Facts:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On January 2nd, 2018, Minister of State for Finance Shiv Prasad Shukla presented the Negotiable Instruments (Amendment) Bill 2017; in Lok Sabha, on the behalf of Union Finance Minister Arun Jaitley.<\/li>\n<li>In this there has been a provision to remove unnecessary delays in disposal of check bounce case.<\/li>\n<li>According to the Bill brought for amendment in the Negotiable Instruments Act, 1881, the concerned court can issue the order for the issuer to provide interim compensation to the complainant.<\/li>\n<li>The court may order interim compensation in the case of short hearing and summons, despite the receipt by the issuer expressing of his own innocence.<\/li>\n<li>The interim compensation amount cannot exceed 20 percent of the check amount.<\/li>\n<li>If the issuer is acquitted in the case, then the court may ask the complainant to return the received interim compensation with interest.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Reference:<\/strong><br \/>\n<a href=\"http:\/\/www.prsindia.org\/uploads\/media\/Negotiable%20instrument\/Negotiable%20Instruments%20Amendment%20Bill%202017.pdf\" target=\"_blank\" rel=\"noopener\">http:\/\/www.prsindia.org\/uploads\/media\/Negotiable%20instrument\/Negotiable%20Instruments%20Amendment%20Bill%202017.pdf<\/a><br \/>\n<a href=\"http:\/\/www.thehindubusinessline.com\/economy\/policy\/chequebounce-case-new-bill-in-lok-sabha-to-provide-for-interim-compensation\/article10009079.ece\" target=\"_blank\" rel=\"noopener\">http:\/\/www.thehindubusinessline.com\/economy\/policy\/chequebounce-case-new-bill-in-lok-sabha-to-provide-for-interim-compensation\/article10009079.ece<\/a><br \/>\n<a href=\"http:\/\/www.prsindia.org\/billtrack\/the-negotiable-instruments-amendment-bill-2017-5026\/\" target=\"_blank\" rel=\"noopener\">http:\/\/www.prsindia.org\/billtrack\/the-negotiable-instruments-amendment-bill-2017-5026\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question- On January 2nd, 2018, the Central Government introduced the Negotiable Instruments (Amendment) Bill, 2017 in Lok Sabha. Consider the following statements related to this: (i) The proposed bill provides for the removal of unnecessary delays in disposal of check bounce case. (ii) According to the proposed bill, the concerned court can issue an order [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":38667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1121],"tags":[2344],"class_list":["post-39636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nnews","tag-national"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/39636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=39636"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/39636\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/38667"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=39636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=39636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=39636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}