Cabinet Approves Ordinance to amend Negotiable Instruments Act

According to the Official release, “the cabinet has given its approval for the proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015”. Thereby, Cabinet approved 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 many people.