Dishonor of Cheque

Team LawDocs

In the wake of the recent global outbreak of the novel pandemic coronavirus (Covid-19) and its impact in India. It is evident from the economic situation. That businesses and various other commercial ventures have incurred several losses, both economic and otherwise. One of the many efforts of the government to curb this situation is the Government of India’s objective to increase business opportunities and ease in the country leading to nationwide movement campaigned as ‘sabka saath, sabka vikash, sabka vishwaas’.

Under the said campaign the Union finance ministry has proposed to decriminalize. In as may 36 section across 19 legislations including the Negotiable Instruments Act, 1881. The said step would aim to substitute the criminal liability with compoundable monetary penalties of a civil nature. This would also mean that the proposal would recategorize these offences from criminal into civil nature. And there would no longer be a punishment in the form of imprisonment. The central government has also sought suggestions and opinions from general public on the same.

The finance ministry sees this as an attempt to improve the ease of doing business and increase the use of negotiable instruments as a mode of transaction. The same also said to unclog the judicial system and remove the burden from judiciary to adjudicate. Apart from the Negotiable Instruments Act, other legislations that include the list are Insurance Act, 1938, SARFAESI, Reserve Bank of India Act, 1934, Payment and Settlement Systems Act, 1934 etc.

Comments

Para Legal Services in India

Author: Kunal Keshri, Bennett University Abstract Paralegal service is an emerging legal field. Objective of this topic is to get an understanding of the function that paralegals play in the administration of justice. To be aware of the challenges involved in the actual implementation of paralegal services. In order to determine the real and practical conditions of the system of enforcement for Para-Legal Services, such as Legal Services authorities, Committees, Legal Aid Clinics, Law Colleges or Universities, and other Institutions, it is necessary to identify these conditions. To provide findings, solutions, suggestions, as well as an effective and practical approach and implementation, with the goal of protecting, developing, educating, and improving the welfare of economically weaker and vulnerable sections of the population. Introduction Paralegal Services serve a key role in the administration of justice as one of the primary foundations, ensuring the ends and delivery of j...

Attestation , Revocation, Alteration and Revival of Wills

Author: Amit Sheoran, Symbiosis Law School, Nagpur People were worried about their lives after the corona pandemic. Because in Corona, no one was aware that anything could happen at any time. That is why they start thinking that if they die, then what will happen with their property and, as a result, they start making plans. A question arises in our mind after hearing the word will. What is will? It is defined under 2(h) of the Indian Succession Act, 1925. A will is a testamentary document by which a person bequeaths his property in the name of any other person. It will be effective after the death of the testator. The property will devolve on the person in whose favour it is bequeathed after the death of the testator. A will can be changed, revoked, or altered at any point of time after it is made. A will can be written more than once.All wills are revocable at any time during the life of the person and are confidential documents. A will can be attested, revoked, altered, and al...

Impact of Globalization on Legal Profession

Author: Rahul Gour, BML MUNJAL UNIVERSITY, Gurugram [email protected] INTRODUCTION Globalization is causing a fundamental transformation in the legal profession. Many countries are active in the legal profession, and there is also excess to the domestic economies as a result of globalisation. Globalization has wrought significant changes in the instruction of law students, the training of advocates, and the honing of advocates' professional abilities to address the problems posed by globalisation and the universalization of law. The legal industry's standard has risen, and lawyers must now be competent in addressing a wide range of cases. Political globalisation, economic globalisation, and technological globalisation are the three main drivers of globalisation. Globalization draws individuals from all over the world closer together, resulting in a new system of global governance as well as a global civil society. The legal profession has been affected ...

LawDocs Blogs

Search This Blog