Finance Committee agrees to impose 2 years imprisonment with 5% fine for dishonoring cheques

During the discussion on the Banking Offenses and Punishment (Second Amendment) Bill, 2080, a unanimous agreement was reached on the fines and punishments in the case of check dishonor. As agreed in the

committee, if the bill is passed by the House of Representatives and the National Assembly, if found guilty in the case of check dishonor, he will be imprisoned for one month to two years.

During the quarterly discussion, Committee Chairman Santosh Chalise announced that the Banking Offenses and Punishment (Second Amendment) Bill, 2080 has been unanimously passed on the provision of imprisonment from one month to a maximum of two years with a fine of five percent if check dishonor is proven.

President Chalise informed that it has been agreed upon that the dishonor of checks up to 15 lakhs will be one month, three months for checks up to 50 lakhs, one year for checks up to 10 million rupees and two years imprisonment for check dishonors above 10 million rupees. In the

committee, Deputy Prime Minister and Finance Minister Bishnu Paudel said that the government will accept the conclusions of the quarterly discussion on the bill. He also said that the trend of dishonoring checks is increasing and it is necessary to control and discourage it. He said that punishment should be legally arranged to control and discourage the tendency of

check dishonor. He was of the opinion that it would be appropriate to arrange the punishment based on the level of the crime.