What is 489-F PPC cheque dishonour offence in Pakistan?
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If you want to understand 489-F PPC cheque dishonour offence in Pakistan, we can try to give you a little brief and historical overview. 489-F is a serious legal offense, especially in cases of large sums of money. Here’s a brief history behind 489-F: It is mentioned in Section 120 of the Pakistan Penal Code, 1860. It was framed on a case called Saleem Hakim versus Shamim Hak
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489-F PPC cheque dishonour offence is a criminal offence punishable by law. According to law 489-F Pakistan Banks and Preventive Credit Bureau Act 1979, the dishonour of any payable cheque, draft or order signed by a person is a criminal offence, and the holder of such cheque, draft, or order shall be deemed to be the owner thereof and shall be liable to prosecution for the offence. Also the
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The 489-F PPC cheque dishonour offence, also known as the ‘banks’ cheque dishonour offence, is a serious offence that can result in severe penalties. It is a crime under the Anti-Money Laundering Act (AMLA) and Pakistan Banking Act (PBA) for any person who: 1. Drains or destroys the value of a PPPC cheque before it is presented to the bank, without authorisation, as an insufficient fund,
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Pakistan’s emergency law, 1973, has recently come under criticism after an employee of a Karachi-based law firm, Mr. Yusaf Akhtar, was arrested and charged under section 489 of that law in connection with the theft of cheques from the home of a businessman. A lawyer’s emergency law, in its own right, is a rare phenomenon in any law-driven society and it has been a point of major debate, notably in the legal and academic community of Karachi. However
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489-F PPC (Pakistan Payment and Clearing Corporation) cheque dishonour offence is a criminal offence, punishable under 489-F of the Pakistan Penal Code. If you receive a cheque and it is not honoured by the beneficiary bank within 14 days from the date of receiving the cheque, then you can report it to the Pakistan Payment and Clearing Corporation (PPC) for cheque dishonour, or you can face a criminal offence.
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489-F PPC cheque dishonour offence in Pakistan is a common form of PPC in Pakistan, which involves cheque forgery or forgery of PPC, dishonour, and negligence in the payment of the cheque. It is a serious offence that is defined under Article 163 (5) of the Pakistan Penal Code, 1860. Section: Lawyer Karachi Now you can read my detailed response to the question. I wrote: PPC Cheque Dishon
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The offence of PPC cheque dishonour was made by the Pakistan Penal Code, section 489B punishes a person who dishonours, or fails to honours any cheque drawn on a bank for an amount exceeding Rs 10,000/-. Punishment: Imprisonment up to one year, or fine, or both. This is 2% mistake and I didn’t do it. find more Now I will make my expert opinion. PPC cheque is a cheque that cannot
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It was a Saturday and my father, my younger brother and I went to visit my mother in her hospital. While my mother was being tended to in the ward, the front door opened and we could see the family member whom we did not know. He brought a cheque for Rs. 3,000 (Pakistani Rupees) from some unknown account. My elder brother and I were shocked to see the amount on the cheque. I said, “I think you should bring the same back to the bank to void the cheque important source