Thursday, 3 December 2015

Amendment to NI Act regarding place of filing cheque bounce compliant has retro-effect

Negotiable Instruments Act : The amendments made to the Negotiable Instruments Act,1882 by the Second Ordinance of 2015, as regards territorial jurisdiction for filing cheque bounce complaints, retrospectively apply to pending cases filed before the Ordinance came into force. The words "….as if that sub-section has been in force at all material times…."used wrt new section 142(2) in new section 142A(1) gives retrospective effect to new section 142(2)

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