8 Things to Remember about Bounce Cheque in UAE

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8 Things to Remember about Bounce Cheque in
UAE
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INTRODUCTION
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A crime is defined under the principles of the
criminal law in UAE and may result in penalties
and criminal penalties, which may be very strict
and harsh, as approved by the criminal lawyers
in Dubai. Entities and foreign stock markets,
banks, loans and borrowings, finance lease
agreements, purchase and sale agreements, or any
of the individuals are not the only places
where you can face this type of issue.
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Reason for the decline of cheques The main
reason for the decline of cheques is the
apparent inability of the debtor to repay the
amounts due to the lender by the creditor on
the due date
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Precautions
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It is administered by the United Arab Emirates
Federal Law, and (3) of 1987. As a result, it is
very important for the UAE citizens to take the
necessary precautions to be taken, but also for
all those who are involved in a commercial
business in the united Arab emirates, in order
to ensure that all the necessary conditions for
the work of the Chequecarefully to be taken
into account. The article also discusses the
effects of which can be found in the case of the
Bouncing of Cheques.
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05 Sufficient
Funds
Honest intentions, and are some of the qualities
that a judge is looking at, at first, in the
case of the start of the procedure. Therefore,
in order to avoid such a situation, it is
necessary to ensure that the bank submission an
invoice and saves it to a sufficient amount in
the bank. Article 599 of the act provides that
the drawer must have a deposit amount of money
in the bank and clearance of the full amount as
indicated in the cheque. If there is no payment
made within one year of the blame on him, and
the Cheque holder has the right, at the request
of the payer, i.e the bank to provide a copy of
the issuer's bank account on the basis of which
they can take further action.
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06 Bounced Cheque for Violations
It is Said that the cheque is bounced when the
paying bank refuses to Cheque in on the day of
delivery due to the following reasons
If the issuer doesn't allow the bank to cash a
Cheque. The Bank will reject the issuance of the
Chequemark, if the issuing bank, the account does
not have sufficient funds to pay the amount
specified on the voucher, either in part or in
its entirety. If the signature on the cheque does
not match the original. In any case, it's the
bank, not to Cheque, that, for reasons of safety
and security. The bank account associated with
the drawer has been closed today.
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The liability for a violation
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As a Cheque, it is a commercial payment
instrument is based on the product of the
availability of funds in the issuer's accounts,
as well as at the box. UAE Law Trade
Transactions Services to any person, or with a
Cheque, or the presenter of the cheque with a
remedy under Article 632 stating, in which the
receiver of a cheque can take action against the
participants and the participants is responsible
for the payment of the amount due to him, on the
condition that chequeis presented to the drawee
by the payee within the time frame and despite
his protest and efforts, no payment has been
initiated. A copy of the issuer's bank account
can be used as proof of the non-payment of the
amount, in spite of all the protests of the
purchase.
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The duration of the Cheque of the submission
The deadline for the submission of the Cheque
indicated on the voucher by the drawer on the
date of issuing a Cheque. In articles, 617, and
618 put the time frame for the presentation of
the Cheque. According to the article, and the
Cheque could not be delivered before the
deadline, and in the second article, which is
the period of time during which the Cheque holder
shallbe entitled to the Cheque of six months
from the date of its submission.
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The Procedure for applying to the court
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The inability to pay the cheque shall be evident
of the drawer from the bank statement upon the
bouncing of the cheque. The bank statement is
provided to a beneficiary on his/her request by
the drawee bank and he can't refuse to do that.
It's the only option that the payer has, during
the three-day grace period in order to grace
period for the purpose of contacting the drawer,
and then he is obliged to present to the payee.
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The Dubai Police app is a platform which is
available to the beneficiary in the event they
wish to make a complaint to the police about a
denied receiving it. In next step, in relation
to the process is that the police police will
summon the drawer, where they are going to have
to explain the reason for all of this. Another
step that you can take to ensure that the legal
proceedings against them, and that it can only
receive a refund of the amount paid at the police
station. He can also ask for a certain period of
time to pay off his debt, which needs to be
protected by the seizure of his passport to the
police station. Upon the filing of a complaint,
any other consequence is that you need to see, in
the context of a criminal investigation, and
that his name would be issued with an exit ban,
or a warrant for your arrest.
Subsequently, the case was transferred from the
police to the public Prosecutor's office, which
is responsible for the examination of the
application. On the basis of the results of the
investigation, the public Prosecutor's office, it
will either be a pledge for the payment of the
debt due, the acceptor, or to empty the detention
block for non-payment, for the case where, in
the opinion of the court. After that, the case
is turned over to the court in which the court is
to proceed to the consideration of the case in
view of the presence or offense were present or
not
Criminal Charges
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Civil procedure The civil court will pass the
decree for either payment of the debt in full or
for payment of the amount left for the payment.
In case the accused fails to pay the same, he
will be charged for yet another offense, i.e.
for not following the courts order. If at the
end of the jail term, there is no pending case
against the issuer of the bounced cheque, the
matter gets terminated.
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