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The Tamilnadu Chamber of Commerce and Industry in Madurai has appealed to the Union Government to treat cheque bounce as a criminal offence and not a civil crime.
The Chamber’s reaction is in response to the comments/ views sought by the government on the proposal vide a notification dated June 8.
TN Chamber president N Jegatheesan has, in a communication, stated that the proposal to decriminalise cheque bounce offence would have serious repercussions on business growth and industrial development. “The proposal is contrary to the government’s ease of doing business dogma. There is no justification to change cheque bounce as a civil offence merely to reduce the pending cases in criminal courts,” he said.
Terming it an uncalled-for move, Jegatheesan pointed out that cheque bounce cases have been on the decline as the punishment prescribed in the Act is severe. The move to make it a civil offence would impact genuine businessmen, as drawers might issue cheques without adequate balance in the account. “We oppose the move,” he said.
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