{"id":958,"date":"2024-08-26T04:29:39","date_gmt":"2024-08-26T04:29:39","guid":{"rendered":"https:\/\/english.bankingkhabar.com\/?p=958"},"modified":"2024-08-26T04:29:39","modified_gmt":"2024-08-26T04:29:39","slug":"discussion-for-amendment-of-banking-offences-and-punishment-act-2064-this-is-the-proposal","status":"publish","type":"post","link":"https:\/\/english.bankingkhabar.com\/?p=958","title":{"rendered":"Discussion For Amendment of Banking Offences and Punishment Act 2064, This is the Proposal"},"content":{"rendered":"<p><a href=\"https:\/\/english.bankingkhabar.com\/?attachment_id=959\" rel=\"attachment wp-att-959\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-959\" src=\"https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2024\/08\/banking-crime.jpg\" alt=\"Banking Crime. New Banking Amendment, Cooperative.\" width=\"800\" height=\"376\" srcset=\"https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2024\/08\/banking-crime.jpg 800w, https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2024\/08\/banking-crime-300x141.jpg 300w, https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2024\/08\/banking-crime-768x361.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<p><b>Banking Khabar\/<\/b><span style=\"font-weight: 400;\"> Banking Offences and Punishment Act 2064 has been discussed for amendment. Finance Minister Bishnu Paudel read some of the revised points proposed from the discussions held in the Finance Committee on Sunday. Finance Minister Paudel said that in the revised points, the court proceedings of check dishonour cases will be simplified, organised, practical and effective.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He also said that words like \u2018government bank\u2019, \u2018cheque\u2019, \u2018India\u2019, etc. will be defined. Finance Minister Paudel said, &#8220;Procedures through co-operative banks are also considered as banking transactions including co-operative banks in the provisions. A provision has been added that co-operative banks cannot transact business without obtaining approval from Nepal Rastra Bank.&#8221;<\/span><\/p>\n<p><b>What is in the revised proposal?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">If it is proved that the check has been dishonoured, the account holder issuing the check will be charged a fixed amount and the account holder issuing the check will be fined five percent of the fixed amount or the following penalty.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In which, it is said that in case of failure up to 500 thousand rupees, imprisonment for up to one month, in case of failure of 500 thousand to 1 million, up to 3 months imprisonment and in case of failure up to 5 million, imprisonment for up to 6 months. Similarly, there is a provision of imprisonment for up to 2 years if the amount is more than 5 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to this, Finance Minister Paudel said that a provision has been proposed in the new amended law to allow both parties to reach an agreement.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banking Khabar\/ Banking Offences and Punishment Act 2064 has been discussed for amendment. Finance Minister Bishnu Paudel read some of the revised points proposed from the discussions held in the Finance Committee on Sunday. Finance Minister Paudel said that in the revised points, the court proceedings of check dishonour cases will be simplified, organised, practical [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,14,3],"tags":[47,50,52,51,48,53,49],"class_list":["post-958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-khabar","category-banking-khabar-banking-khabar","category-main-news","tag-banking-crime","tag-check","tag-check-bounce","tag-cheque","tag-new-banking-amendment","tag-new-provision","tag-provision"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Discussion For Amendment of Banking Offences and Punishment Act 2064, This is the Proposal - Bankingkhabar<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.bankingkhabar.com\/?p=958\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Discussion For Amendment of Banking Offences and Punishment Act 2064, This is the Proposal - Bankingkhabar\" \/>\n<meta property=\"og:description\" content=\"Banking Khabar\/ Banking Offences and Punishment Act 2064 has been discussed for amendment. Finance Minister Bishnu Paudel read some of the revised points proposed from the discussions held in the Finance Committee on Sunday. 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