LS passes bill to deal with cheque bounce cases

A bill providing for filing of cheque bounce cases at the place where a cheque is presented for clearance and not the place of issue, was approved by the Lok Sabha Wednesday.

SEBI makes IPOs cheque-free; unveils start-up listing norms

The regulator also fast-tracked the process of raising funds for companies through IPOs by reducing the listing time by half to six days after the public offer.

Govt to bring in Ordinance to amend Negotiable Instruments Act

The Cabinet on Wednesday decided to bring in an ordinance to amend the Negotiable Instruments Act, which provides for filing of cheque bounce cases in place where the cheque was issued, a move that will benefit 18 lakh people.

Bill to check piling up of cheque bounce cases moved in Lok Sabha

A Bill seeking to prevent piling up of cheque bounce cases in various courts and help the payee in the case of default, was introduced in Lok Sabha on Wednesday.

Mathura farmers cry foul as compensation cheques bounce

Farmers in Mathura, Uttar Pradesh, were a distressed lot on Tuesday when compensation cheques issued to them for crop damage by state government bounced.

Banks may remain closed between March 28 and April 5

Banks in many parts of the country will remain closed from March 28 and April 5 on account of various holidays and annual closing of bank accounts.

Taylor Swift sends USD 1,989 to fan as student loan

Taylor Swift sends USD 1,989 to fan as student loan

Singer Taylor Swift, known for making her fans feel special, has sent a young follower package of goodies, including a cheque of USD 1989 to help with her education.

RBI makes SMS mandatory for high value cheque clearance

Reserve Bank has asked banks to alert account holders to send an SMS alert to payer/drawer when cheques are received for clearing.

RBI asks banks to alert customers in high value cheque payment

To clamp down on cheque-related fraud cases, the Reserve Bank Wednesday asked banks to alert account holders by a phone call and contact the base branch in case of non-home cheques before clearing high value payments.

Bank A/Cs not inoperative if dividend cheque credited in 2 years

The Reserve Bank Monday said bank accounts will not become inoperative if a dividend cheque has been credited in it in the previous two years.

Sports Ministry felicitates Glasgow Commonwealth Games medal winners

The Indian medals winners in the recently-concluded Commonwealth Games were today felicitated by the government in the presence of cricket icon Sachin Tendulkar for their impressive show in the multi-sport event at a star-studded function here.

Fine can't be more than twice the amount in bounced cheque: SC

Courts cannot impose a fine of more than twice the amount in bounced cheques, the Supreme Court has held, stressing that the limit is inviolable and should be respected.

Uttarakhand govt refutes cheque bounce charge

The Uttarakhand government refuted reports that cheques distributed as compensation to flood victims in the state had bounced, saying no such case has surfaced so far.

Cheque signature mismatch may lead to criminal proceedings: SC

A person may face criminal proceedings if a cheque issued by him gets dishonoured on the ground that his signature does not match the specimen signature available with the bank, the Supreme Court has said.

Smart ATMs to count cash, read cheques and credit in real time

New smart ATMs that can count your cash, read the cheques and credit it to your account immediately at any hour are on the way.

Larger SC bench to examine cheque bounce cases' conflict

The Supreme Court has referred to a larger bench the question whether a person can be tried for a cheque bounce, even before the expiry of the 15 days notice period issued by a complainant.

Qatar`s sheikh in soup over dud cheque

An Arab royal is faced with a legal threat over a second unpaid bill of over 500,000 pounds ($790,400).

Lower level employees in Delhi to get wages through cheque, ECS

The Labour department has asked the employees to give written authorisation letter for payment through cheque or by crediting the wages in their bank accounts.

Bribe in cheque to Kapil Sibal!

HRD
Minister Kapil Sibal has received a cheque of Rs one lakh as
bribe for appointing a person as registrar of a central
university in Jharkhand.

Wrong Account No. reason for Dhoni`s cheque bounce

Indian cricket captain Mahendra Singh Dhoni`s cheque of Rs 645 to pay house tax was returned by a nationalised bank due to wrong account number.