If we have full amount of money with us , then there is no need to issue a post dated cheque.
This law will make too much disturbances in doing buisness in Qatar.Now the world financial crisis is reflecting the buisness sector.In addition now Qatar Banks making this type of Law ,will affect over the buisness.Why real estate investors are bothering? The post dated cheques are isuuing by the mutual undrestanding of both parties.If there is no fund in the bank account at the time of the cheque date , that time they can take action against it, then why QCB is making a law like this? what is it's intuition? May it will boost the buisness sector?
Expatriates can go back to their own country , but what can do by the locals ,how they can make buisness , and how they can earn money and meet their expenses of the life, because in Qatar they can't become farmers,they need to make buisness to make money for their lively hood, Post dated cheques are playing a good role in Buisness.
So defenitely this law affect the buisness sector in a bad manner.
In every sector there is some frauds, we want to make law to prevent them, it's mandatory, but making a law like this will affect everybody.Some expatriates are issuing PDC and the very next day they are going back to their home country and those who got cheques from them will suffer a lot.To prevent such situations, making a law like this is foolish, because it affect each and every one.
Here we want to make a law , which affect only upon those who are doing such indecent manner of buisness.
If we have full amount of money with us , then there is no need to issue a post dated cheque.
This law will make too much disturbances in doing buisness in Qatar.Now the world financial crisis is reflecting the buisness sector.In addition now Qatar Banks making this type of Law ,will affect over the buisness.Why real estate investors are bothering? The post dated cheques are isuuing by the mutual undrestanding of both parties.If there is no fund in the bank account at the time of the cheque date , that time they can take action against it, then why QCB is making a law like this? what is it's intuition? May it will boost the buisness sector?
Expatriates can go back to their own country , but what can do by the locals ,how they can make buisness , and how they can earn money and meet their expenses of the life, because in Qatar they can't become farmers,they need to make buisness to make money for their lively hood, Post dated cheques are playing a good role in Buisness.
So defenitely this law affect the buisness sector in a bad manner.
In every sector there is some frauds, we want to make law to prevent them, it's mandatory, but making a law like this will affect everybody.Some expatriates are issuing PDC and the very next day they are going back to their home country and those who got cheques from them will suffer a lot.To prevent such situations, making a law like this is foolish, because it affect each and every one.
Here we want to make a law , which affect only upon those who are doing such indecent manner of buisness.