These small businessmen have to compete in order to get some business, during the course of which, they are forced to fore go the requirement of post dated cheque. The central reason of this fraud happening again and again is because there is no central credit control system in place by the Govt. Anyone can register a company for Qar. 200 000 only and acquire Qar. 2000 000 credit from the suppliers which is huge (1000 %) as compared to the company's own funds. There must a proportion to this ratio like 50%, and this ratio to be checked by a central computer control system.
These small businessmen have to compete in order to get some business, during the course of which, they are forced to fore go the requirement of post dated cheque. The central reason of this fraud happening again and again is because there is no central credit control system in place by the Govt. Anyone can register a company for Qar. 200 000 only and acquire Qar. 2000 000 credit from the suppliers which is huge (1000 %) as compared to the company's own funds. There must a proportion to this ratio like 50%, and this ratio to be checked by a central computer control system.