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Bar Council Of Delhi Opposes Centre’s Proposal To Decriminalize Dishonour Of Cheques Under Sec 138 NI Act, Other Economic Offences

first_imgNews UpdatesBar Council Of Delhi Opposes Centre’s Proposal To Decriminalize Dishonour Of Cheques Under Sec 138 NI Act, Other Economic Offences LIVELAW NEWS NETWORK13 Jun 2020 1:46 AMShare This – xThe Bar Council of Delhi has opposed the Central Government’s decision to decriminalize minor economic offences, stating that the same will cause rampant “institutional damage”. In a letter address to Union Finance Minister Nirmala Setharaman, Co-chairman of the Council, Sanjay Rathi, has said that the proposal to decriminalize 39 provisions contained in 19 different Acts…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Bar Council of Delhi has opposed the Central Government’s decision to decriminalize minor economic offences, stating that the same will cause rampant “institutional damage”. In a letter address to Union Finance Minister Nirmala Setharaman, Co-chairman of the Council, Sanjay Rathi, has said that the proposal to decriminalize 39 provisions contained in 19 different Acts relating to payments and security, “Would for sure result in encouraging the minds of perpetrators to defraud and cheat innocent persons and there would be absolutely no fear in the minds of people.” The Government has proposed to decriminalize inter-alia, Section 138, Negotiable Instruments Act, 1881, which as per the Council will certainly unburden the courts by reducing pendency of cases of dishonor of cheque however, it will also defeat the ultimate purpose behind its enactment. “The fear of criminal litigation & imprisonment is one of the most vital and paramount precipitating factor for not only making timely payments of the cheques but for the judicial system as a whole,” the letter reads. The Council further said, “On one hand the government has recently inserted certain Section 143A & 148 to make the N I Act more effective and powerful in providing redressal to the complainants with the further objective to strengthen the use of cheques and distinct them from other negotiable instruments. While, on the other hand, taking measures to decriminalize and dilute the said Act is itself self-contradictory and unwarranted by the government. …By decriminalizing such minor economic offences especially Section 138, all these sections would become nugatory, render toothless and the very purpose of enacting these Sections/Acts would be ultimately defeated.” In view thereof the Council has urged the Government to refrain from making any such changes in the NI Act which “blows” the sanctity of cheques, the banking sector, the businesses and the common man who treat the cheques as a guaranteed payment. The Council has stated that while certain measures are necessary to boost the economic growth post lockdown, but decriminalizing these offences will certainly erode public confidence and legal security in the judicial system. It has also stressed that in case the Government proposes to amend or enact any law, it is crucial that statutory bodies like the Bar Council of Delhi are consulted, to obtain expert opinion from experienced Bar members. The Union Ministry of Finance had on Wednesday invited comments from all stakeholders on its proposal to decriminalize several economic offences, viz. the following: Section 12, Insurance Act, 1938. Section 29, SARFAESI Act, 2002.Section 16(7), 32(1),PFRDA Act, 2013.Section 58B, RBI Act, 1934.Section 26(1),26(4), Payment and Settlement Systems Act,2007 .Section 56(1), NABARD Act, 1981.Section 49, NHB Act, 1987.Section 42, State Financial Corporations Act.1951.Section 23, Credit Information Companies (Regulation) Act, 2005Section 23, Factoring Regulation Act, 2011Section 37, Actuaries Act, 2006.Section 36AD(2), 46, Banking Regulation Act, 1949Section 30, General Insurance Business (Nationalization) Act, 1972.Section 40, LIC Act, 1956.Section 21, Banning of Unregulated Deposit Schemes Act, 2019.Section 76, Chit funds Act, 1982.Section 47, DICGC Act, 1961.Section 138, Negotiable Instruments Act, 1881.Section 4 &5, Prize Chits and Money Circulation Schemes (Banning) Act, 1978. Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Governor Wolf Announces Expansion of USSC Group, Creation of More Than 240 Manufacturing Jobs in Chester County

first_img April 24, 2018 Economy,  Jobs That Pay,  Press Release Harrisburg, PA – Today, Governor Tom Wolf announced that USSC Group (USSC), a manufacturer of custom seating and fire suppression products for the transit, military, and first responder markets, will expand its operations in Pennsylvania and establish a manufacturing facility in Uwchlan Township, Chester County, creating more than 240 new jobs.“The decision by USSC to continue to grow right here in Pennsylvania is a great win for our commonwealth,” Governor Wolf said. “Not only does this mean more jobs for people seeking work in manufacturing, but it also demonstrates that for manufacturing companies both in and outside of the state, Pennsylvania is the place to be to grow and thrive. I applaud USSC for their commitment to the commonwealth and our workers.”USSC currently leases a 136,000-square-foot facility in Exton. The company will move operations into a nearly 300,000-square-foot facility in phase one of the expansion to accommodate the need for additional production after a company acquisition. Plans are underway to add an additional 175,000 square feet of manufacturing space in phase two. The company is investing at least $13.2 million into the project and has committed to the creation of at least 243 new jobs and retain a further 133 jobs over the next three years.“The USSC team is very excited to continue our growth in Chester County,” said Joe Mirabile, president & CEO of USSC Group. “We are passionate about growing our team and creating manufacturing jobs in the great state of Pennsylvania. The CCEDC and the Governor’s Action Team’s support was integral in our decision to base our headquarters here.”USSC received a funding proposal from the Department of Community and Economic Development that includes a $350,000 Pennsylvania First grant, a $109,350 WEDnet grant for employee training, and $486,000 in Job Creation Tax Credits to be issued after the new jobs are created. The company has also been encouraged to apply for a $2 million low-interest loan from the Pennsylvania Industrial Development Authority (PIDA) to assist with building and equipment costs.The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania, in collaboration with the Chester County Economic Development Council (CCEDC).“USSC is one of our most innovative manufacturers and job creators here in Chester County,” said Michael Grigalonis, chief operating officer of CCEDC. “They are also a terrific community partner getting engaged in many of our workforce and youth targeted programs. CCEDC was honored to play a role in facilitating USSC’s expansion here in Chester County.”Headquartered in Exton, USSC is comprised of United States Seating Company, Fogmaker North America, Valor Seating, and Global Seating Systems, and designs and engineers world-class safety, survivability, and technology products for commercial and military transportation markets.For more information about the Governor’s Action Team or DCED, visit dced.pa.gov. Governor Wolf Announces Expansion of USSC Group, Creation of More Than 240 Manufacturing Jobs in Chester Countycenter_img SHARE Email Facebook Twitterlast_img read more

Široki Wwin defeated Crvena Zvezda with 78:74

first_imgIn the 24th round of ABA League, basketball players of ”Široki Wwin” surprised everyone when they defeated the second ranked team of ABA League ”Crvena Zvezda”.The most efficient players for Široki were Marko Šutalo with 21 points and Šakić with 17; Rakočević with 15 and Savović with 14 points were the most efficient players of Crvena Zvezda.With this victory Široki has strengthen its place in ABA League and it may still remain in the league, while Crvena Zvezda  lost the chance to take the lead from Igokea, which is the first ranked team of ABA League with 42 points, one point more than Crvena Zvezda.ABA LIGA:1.            IGOKEA                                 422.            C.ZVEZDA                            413.            BUDUĆNOST                       394.            RADNIČKI                           395.            PARTIZAN                           396.            OLIMPIJA                            377.            CEDEVITA                           378.            SKOPJE                                  369.            CIBONA                                 3310.          KRKA                                     3311.          ŠIROKI                                  3212.          ZADAR                                  3213.          SPLIT                                     3214.          SZOLNOKI                           16last_img read more

No new speed signs for Churchill despite concerns

first_imgThere are increased road safety concerns in the village of Churchill after the opening of a new play park.Children and families have been enjoying the new amenity since it opened in March.But as summer comes, the higher number of people crossing the road in the area is a cause for concern. Cllr Adrian Glackin brought the issue before Letterkenny MD on Wednesday, asking that new signs be placed to reduce speed at either side of the village.Cllr Glackin said that a ‘Slow Down’ or ‘Children Crossing’ sign would improve safety for pedestrians crossing from the play park to the cafe, toilets and bars on the other side of the road.However, the roads department replied to say that 50KPH speed limit signage is already in place in the village and the signs are full in accordance with guidelines.No new speed signs for Churchill despite concerns was last modified: May 15th, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Adrian GlackinChurchilllast_img read more

Kids Week nurtures young lives

first_imgRay Maota Nearly 300 youngsters attended Hillbrow Kids Week on their first week of December holidays. Buhle Mgubasi, who stays at a building located a stone’s throw from the Lutheran Church, has been attending Hillbrow Kids Week for the past 11 years. (Images: Ray Maota) MEDIA CONTACTS • Khumo Mohube  Hillbrow Kids Week: Co-ordinator  + 27 71 133 0815 RELATED ARTICLES • Speaking out against abuse • Awards are a sign for Dladla • Schools lead way in recycling • Nurturing the childrenYoungsters in the Johannesburg inner city suburb of Hillbrow have a safe haven where they can play and be nurtured in a religious environment during school holidays.The first week of each public school holidays is a time when children from the bustling suburb converge on Friedenskirche Lutheran Church to play educational and fun games during Hillbrow Kids Week.The initiative is the brainchild of the Outreach Foundation and was recently held at the church from 10 – 15 December. The theme for the week was “I am who I am”, a way to instil the value of individualism in the youngsters. About 60 volunteers were on hand to make the programme a success.Located between Twist and Edith Cavell streets, The Friedenskirche Lutheran Church, or the “Church of Peace”, has been around since 1912 and was declared a national monument in 1986. Kids Week in a nutshellKhumo Mohube, the main coordinator of Kids Week, said the programme was started in 1999 with only 10 youngsters. However, the number has grown to about 280 – 300.“Hillbrow Kids Week was started to keep kids off the harsh streets of Hillbrow and with this being a religious programme, instilling values is a core theme.”Mohube added that the youngsters play educational and fun games, while also trying their skills in handcraft, fashion and choral singing. “It has become a culture for people living here to bring their kids and it’s spreading through word of mouth,” said Mohube.The week has always been free for youngsters but this year – due to lack of funding – the organisers decided to charge R20 (US$2) for the whole week.“We will probably be canning it [the charge] next year as only 10 kids out of nearly 300 paid. We also have a policy of not turning back kids so I think the price will be canned,” said Mohube.Mohube added that they are planning to open an after-school programme, if and when they get funding. Mohube’s passionA Hillbrow resident, Mohube got involved with Hillbrow Kids Week whilst attending services at the Lutheran Church.“I have love for this type of community work that’s why I wanted to become a social worker or a psychologist,” said Mohube.Mohube wishes to continue with his studies, but hasn’t been able to fulfil his ambitions because of lack of funds. The work he does at the church does not pay much and he said only his passion for the work he does with children keeps him going.“For me to be involved in initiatives such as Hillbrow Kids Week which tells these youngsters that there are options in life, patience is a virtue, and that they can make it despite living in an environment such as Hillbrow, is very fulfilling,” said Mohube. Growing up at Kids WeekBuhle Mgubasi, who stays at a building located a stone’s throw from the Lutheran Church, has been attending Hillbrow Kids Week for the past 11 years. She said she started attending Kids Week since she was only six years old.“I basically grew up here and for me to be able to now be a leader and make sure the kids coming here enjoy themselves as much as I did, is a privilege,” said Mgubasi.Mgubasi, who will be doing matric next year, said she would like to be in the hospitality industry and own a camp site that will host events such as Kids Week. She said the Kids Week activities have positive effect on the lives of youngsters.“When I went to Kids Week as a youngster it was exciting and now as a leader I have to make sure that they have the same experience if not better,” she said.last_img read more

Monaco: ‘Fair chance’ of Lemar exit

first_imgTransfers ‘Fair chance’ of Liverpool and Arsenal target Lemar leaving Monaco in 2018, Vasilyev concedes Ryan Benson Last updated 2 years ago 03:12 10/13/17 FacebookTwitterRedditcopy Comments(0) Lemar - Cropped Getty Images Transfers Monaco Arsenal Liverpool Premier League Ligue 1 Thomas Lemar Monaco’s vice-president has revealed that the Ligue 1 club are open to selling both Thomas Lemar and Fabinho at the end of the season. Thomas Lemar stands a “fair chance” of leaving Monaco next year after moves to Liverpool and Arsenal fell through before the transfer deadline, according to club vice-president Vadim Vasilyev.The France winger was long linked with a departure from the Ligue 1 club after playing a starring role in their title success and impressive journey to the Champions League semi-finals.Monaco to win & BTTS 18/5 Article continues below Editors’ Picks Why Barcelona god Messi will never be worshipped in the same way in Argentina Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. Moves to Liverpool and Arsenal were strongly mooted, as the two clubs looked to line up replacements for their respective wantaway stars Philippe Coutinho and Alexis Sanchez.Those two ultimately remained in the Premier League, while Arsene Wenger claimed that Lemar rejected a move to London in favour of remaining in the principality, where he would have Champions League football to look forward to.But Vasilyev – who revealed Arsenal were the closest to signing Lemar – was refreshingly honest when revealing the 21-year-old will likely be allowed to leave at the end of the season.”Liverpool were really interested,” Vasilyev told Sky Sports.”But it was Arsenal that was really close to finalising the deal. It was quite close. At the same time it was just too late, not enough time to really follow up on this deal.”Not all the elements of the puzzle fell in place. I’m very happy he stayed with us. For us, we need a player like Thomas Lemar. He’s very important to our team.”Definitely next summer [it] will be something to look at, although you know in football there are no guarantees.”We had some players who were supposed to leave this summer but didn’t leave because of X, Y, Z. I think it would be fair to say Thomas will have a fair chance to an exit next year.Thomas Lemar Monaco 2017“January? In football, never say never, but this is not what we’re thinking of, this is really not in our plans.”Then we have to wait and see how the team does in different competitions, if we have an interest in him and what his ambitions after the World Cup are. January doesn’t seem like the right time for major changes in the team.”Vasilyev also accepted that Fabinho – another key player whom they managed to keep hold of for this season – may well be in his final season at Monaco.”He’s one of the key players in our squad, a very regular player,” he added. “He’s very important, we can always count on him.”We are very happy that we managed to keep him. I think this is one player you want to keep forever.”But we realise in Monaco that we have a certain model, that at a certain moment when we feel it’s right we have to let players go in order to be successful again.”This is not only about money; this is more about being successful.”last_img read more

Ronaldo expects a spectacular game between Barcelona Madrid

first_imgBrazil legend Ronaldo Nazario expects a “spectacular match” between Barcelona and Real Madrid in tonight’s Copa del Rey encounter.The two Spanish giants will face off against one another for a place in the final of the competition with the first leg to take place tonight at Camp Nou.Real, in particular, are keen to get their revenge on Barcelona following October’s humiliating 5-1 defeat in La Liga last time out in October.As for Barcelona, the chance of winning a fifth consecutive Copa del Rey title is within sight with manager Ernesto Valverde having expressed his enthusiasm in taking on Real over a two-legged tie.And Ronaldo, who played for both clubs during his own playing career, cannot wait for the match to get started.“It’s a spectacular match,” said Ronaldo, according to Marca.“The best Clasico in world football. It’s incredible to play in these games.“The atmosphere is great and let’s hope the footballing gods give us a great game tonight.”Sergio Ramos, Real MadridZidane reveals Sergio Ramos injury concern for Real Madrid Andrew Smyth – September 14, 2019 Zinedine Zidane has put Sergio Ramos’ availability for Real Madrid’s trip to Sevilla next weekend in doubt after withdrawing him against Levante.Ronaldo, who won the Copa del Rey at Barcelona and two La Liga titles with Real, left reporters in no doubts over where his allegiance lies for tonight.“There is no favourite,” said Ronaldo.“It’s an important game. I have a special history with [Real] Madrid and let’s hope Madrid win.“It’s clear that whoever is ahead, I want Valladolid to win, but they are two great clubs.“Madrid are playing very well, they’ve found a great dynamic, have reinvented themselves and have young players. But then you have [Lionel] Messi and company, who are spectacular.”Isco has been included in the Real squad for the game, despite his struggles for opportunities under head coach Santiago Solari this season, while Barcelona academy star Carles Aleña is hoping to get a chance tonight himself.The match at Camp Nou will begin at 9:00 PM (CET).last_img read more

SDGE announces program to upgrade utility services at mobile home parks

WebMD Acquires Jobson Healthcare Information

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2018 Latin GRAMMY Awards Complete Winners List

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