Naavi
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IICA Qualified Independent Director
Book Cyber Crimes
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Search Results for: cheque
Who is Responsible for Cheque Cloning?
“One fraudster has opened a current account in bombay. Deposited high value cloned cheques of another bank in his banks branch at surat. His banker is a collecting bank. Collecting bank officials have verified the chqs in UV Lamp and … Continue reading
Posted in Cyber Law
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Cheque In Electronic Form, redefined, Implications on E Banking
Section 6 of the Negotiable Instruments Act 1881 defined the term “Cheque” as follows: A “cheque” is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand. This section was amended … Continue reading
Cheque Cloning Fraud that exposes the weaknesses in the Banking system
While we are frequently discussing the sophisticated Digital Crimes, some times it is the simple crimes that pose a challenge to the system. One example of this is the report that appeared today in TOI about the busting of a … Continue reading
Posted in Cyber Law
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Mysore Grahak Parishat takes up Cheque disincentivisation issue
Mysore Grahak Parishat, the active consumer organization in Mysore is trying to create awareness of the impact of the RBI discussion paper on Disincentivisation of Cheques. A press release has recently been issued by the organisation in this regard. A … Continue reading
Posted in Bank, RBI
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Why Cheque System is also important for Netizens
Naavi.org has been in the forefront of discussions on E Banking security and how the bank customer needs to be protected from liabilities arising out of E Banking risks. At the same time we have also been opposing RBI’s discussion … Continue reading
Posted in Bank, Cyber Crime, ITA 2008, Netizen's Forum, RBI
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A Note for the attention of SMEs- on Cheque Disincentivisation
RBI Move on Cheques to hit SMEs hard Reserve Bank of India (RBI) has issued a “Discussion Paper” on “Disincentivisation of issuance and usage of Cheques” on January 31, 2013 and invited public comments by February 28, 2013. Since the … Continue reading
Posted in Bank, Cyber Crime, RBI
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