Council approves amendment to cheque law (Gulf Times 4/5/10)

The Advisory Council yesterday passed an amendment to the Commercial Law No 27 of 2006, making a cheque redeemable once presented at the bank irrespective of its issuing date and urged the government to set up special sections in courts to deal with bounced cheques. In a meeting on April 21, the Cabinet had approved amendments to two articles of the Commercial Law and referred it to the Advisory Council for consideration. The council’s general secretariat was advised to consider the draft law on an urgent basis. Cheques will be encashed immediately on presentation at a bank, according to the relevant provisions of Qatar’s Commercial Law, which takes effect on May 13, 2010. If a cheque bounces for lack of funds when presented at a bank, the drawer will be liable for its value and he/she may be prosecuted, convicted of a penal offence, fined or imprisoned, sources said. Advisory Council secretary general Fahad bin Mubarak al-Khayareen said the Committee of Financial and Economic Affairs at the council had submitted a report on the proposed changes to the members. To tackle what it called “lengthy litigations”, the council recommended to the government to set up special departments within courts to hear cheque-related disputes and settle them swiftly. “Such an arrangement will be useful since they will help maintain the rights of the beneficiaries, especially since many cheques are issued to property developers and owners of car agencies,” said Nasser Rashid al-Kaabi, a member of the council. The Advisory Council, a consultative body, urged the government to give the “Cheques Department” at the Capital Police Station more teeth to deal effectively with “bounced cheques” so that the amount could be recovered from the drawer without seeking court’s intervention. “This will help restore investors’ confidence in cheques and prevent problems which can adversely affect the country’s economic growth,” explained the secretary general during the discussions. Al-Kaabi said the Qatar Central Bank could play a more effective role in this regard by instructing the country’s financial institutions to disclose the names of their customers who had been penalised for issuing cheques without having sufficient funds in their accounts. He argued that banks should issue cheque books only to clients who had sufficient funds in their accounts. Rashid bin Mohamed al-Maadhadi, another member, said the number of cheque-related disputes had increased significantly in the recent past. “Traders and investors have incurred losses because of lengthy litigations to recover their money.” The provisions of the law take effect on May 13 following the expiry of the three-year period notified after its implementation. The law was issued on July 27, 2006 and implemented six months after gazette publication. According to a senior banker, the system of issuing post-dated cheques will get scrapped with the law taking effect. Earlier reports said QCB had already notified the local banks about the relevant provisions of the Commercial Law of Qatar taking effect in May.

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So sekarang nie, cheque sewa rumah any time depa leh send to bank utk dapatkan duit?
what will happen next?
how do we cover ourself?

keep the money at the minimum kat dalam bank acct. Kalu landlord cash kan cheque takleh kuar pasal duit tak cukup.. eventhough mmg kita yang liable pasal duit tak cukup dalam bank.. tapi according to lease agreement landlord yang breach kontrak pasal mesti ade somewhere dalam kontrak which says that payment shall be made on the 1st (or which ever is applicable) of every month.

well atleast this is what i'll do..

betul... tapi kita kena ingat... majority of rental contract, tak leh guna lam court... sebab tak stamping... (mintak pendapat sesiapa samada Rizi nyer statement nie boleh diguna pakai or not)
contract tuu is more towards an understanding between landloard ngan kita....

Tapi masalahnyer sekarang is that... landloard leh hantaq cheq kita pada bank... dan kalau tarak sen lam tuu... kita yang kena tanggung akibatnyer...

Rizi harap landloard tak ler seteruk camnie... kasi susah orang jer nanti...
masalah skang

as at to date Qatar Central Bank lum antar memo about the encashment of the cheque. old practise still valid...so setakat ni jangan risau...as long tak default sewa rumah takpa jangan kalut setakat hari ini..

asyraf wrote:as at to date Qatar Central Bank lum antar memo about the encashment of the cheque. old practise still valid...so setakat ni jangan risau...as long tak default sewa rumah takpa jangan kalut setakat hari ini..

Tuu dia... org Bank dah spoken...
Bro... mintak advice sikit

Mrs. Rizi beli tiket kapal terbang, guna crdt kad... then dia cancel then claim lik duit... lepas tuu syarikat kapal ngok ngek tuu salah key-in number kad credit Mrs. Rizi... last 4 digit tuu silap....masuk no. kad org lain...
skang nie syarikat kapal terbang tuu suruh dia liase ngan bank ko... suruh tanya samada no. kad credit org lain tuu kepunyaan bank ko ker atau bank lain...
bila tanya... ko nyer bank cakap itu secret... so skang tgh pening camner nak dapatkan lik duit tuu...

advice pls...

GULF TIMES 13/5/2010 Status quo remains on cheque rule

By Pratap John Chief Business Reporter The effective scrapping of the post-dated cheques system has been postponed until further official notice, Gulf Times has learnt. The local banks were to have stopped honouring post-dated cheques from today in line with Article 580 of Qatar Commercial Law (Number 27 of 2006). The provisions of the law stipulated that post-dated cheques can be cashed on presentation. It stated that “if a cheque is presented before the date set as its issuing date, it shall be paid on its presentation date”. Sources yesterday said that banks in Qatar had now been asked by Qatar Central Bank (QCB) “to stop enforcement of the above-mentioned article and not to redeem any cheque before the date mentioned in it until a special mechanism is established”. “We have been told we will have to continue honouring post-dated cheques until further notification. We cannot redeem any cheque before the date mentioned in it as per the new directive to local banks,” a senior banker told Gulf Times yesterday. Earlier, local banks had started communicating with their customers about the provisions of the new law. A bank had written to their customers to “familiarise themselves” with the relevant article that is available on the QCB website. Once the law takes effect, industry sources say, it will be the “drawer’s responsibility” to ensure he/she has sufficient funds before issuing a cheque. Sources said” “This will be kept in abeyance until further notification.” It was unclear last night whether a new law or an amendment will have to be issued to support this measure. A Doha-based businessman welcomed the directive “to stop enforcement of the above-mentioned article and not to redeem any cheque before the date mentioned in it, until a special mechanism is established”. “It is a good move because the authorities concerned are trying to ensure that the provisions of the article are implemented properly. It is everyone’s duty to ensure that the provisions of the law, when implemented, are honoured completely,” he said. A senior accountant with a Doha trading firm said: “We have contacted many banks following reports in newspapers about scrapping of the post-dated cheques system. While some banks said it will take effect on May 10, others said on May 13. We were confused.”

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Honestly makhluk yang propose undang2 earlier patut ditembak ngan senapang gajah...
MMG kat sini derang leh suka2 hati mak bapak tukaq law....

Wak risau gak ni...sbb Wak loan kete...Wak tulis banyak post dated cheque... harap-harap Bank ni tak cash kan semua cheque tu.