STOCK MARKET UPDATE

Ticker

6/recent/ticker-posts

Kerala State Budget 2024 Proposes to Increase Court Fees for Cases under NI Act

 The Kerala State Budget 2024 has proposed an increase in court fees for cases under the Negotiable Instruments Act (NI Act). Here's a breakdown of the key points:

Increased Court Fees:

  • Cheque bounce cases:
    • For cheques up to ₹10,000: ₹250 (previously ₹10)
    • For cheques exceeding ₹10,000: 5% of the cheque amount, capped at ₹3,00,000
  • Appeals:
    • Accused appealing in Sessions Court: ₹1,000
    • Complainant appealing in High Court: Half the fees paid in trial court
    • Revision petitions: Varies based on the case specifics

Rationale:

  • The government aims to generate additional revenue of ₹50 crore.
  • Judicial court fee rates haven't been revised in over two decades.
  • This move aligns with recommendations from a five-member committee.

Criticisms:

  • Some argue the increase will burden common people seeking justice.
  • Concerns exist about its impact on small businesses and individuals dealing with bounced cheques.

Current Status:

  • The proposal is part of the budget presented on January 5, 2024.
  • It awaits approval from the Kerala Legislative Assembly.

Additional Information:

 (With input from news agency language)
 If you like this law news, share it with a friend!

Post a Comment

0 Comments

Custom Real-Time Chart Widget

'; (function() { var dsq = document.createElement('script'); dsq.type = 'text/javascript'; dsq.async = true; dsq.src = '//' + disqus_shortname + '.disqus.com/embed.js'; (document.getElementsByTagName('head')[0] || document.getElementsByTagName('body')[0]).appendChild(dsq); })();

market stocks NSC