Increase the validity of checks with the implementation of the new law
Legal expert: Since the implementation of the new check law, returned checks have decreased significantly, which indicates that with the implementation of the law, the validity of checks in transactions between businesses has increased.
According to the International Iranian Stone Exhibition, Mehdi Fallahian said about the new law on issuing checks: The new law on checks, which was approved in 1397, has innovations that, if implemented, will improve the role of checks in society, and thus Most of the claims related to the check will be eliminated and cases such as forgery and theft of the check as well as betrayal of the trust will not occur compared to the other check, thus bringing the check closer to the original nature.
The legal expert continued: "One of the new and interesting points of the new law is the connection of the issuance system to the database of financial convicts. If the law is fully implemented, people who are declared insolvent or bankrupt will not be able to issue a check from the fisherman's system."
Referring to the implementation of a new stage of the new check law from the beginning of April this year, the advisor of the Tehran Chamber of Judicial Support Office said: With the implementation of this stage, the check issuance process becomes two-step and issuing a check alone is not enough. The fishing system should also be registered and issued.
Fallahian added: "One of the requirements for the implementation of this stage of the new check law is to register the details of the check recipient in the system, and the transfer of checks is possible only through the Sayad system. In addition, for checks over one hundred million tomans, non-traders and above" One billion tomans of business persons mentioned for the check is necessary and until this information is entered, the check will not be issued in the system.
He said: "The ignorance of check recipients about the good and bad account of the check issuer was one of the problems for which the new check law has provided a solution, and in this regard, it is possible for the recipient to inquire about the latest status of check issuers." Complete the conditions to take the check.
The legal expert noted: "According to this, with the new possibility provided by the new Czech law, information symmetry is established between the recipients and issuers of the check, which increases the confidence of the check in the market."
Fallahian added: "The new check law, with new innovations and by facilitating the executive issuance process, has a consistent approach to the issuance of returned checks, and this issue has caused the implementation of parts of this law to reduce the return of returned checks."
He continued: "Since the implementation of the new law, returned checks have decreased significantly, which shows that with the implementation of the law, the validity of checks in transactions between businesses has increased."
The legal expert pointed out: In the new check law, for each category of checks, a credit limit is considered, which is calculated and determined by three precise formulas, and no one is allowed to issue checks in excess of their credit limit, and this limit Will oversee the total number of check papers.
Fallahian continued: "According to this, if someone uses his credit limit in the first check, the system will not allow the issuer to issue a new check until the previous checks are passed, and with each check being passed up to the same amount, the credit limit will have capacity." This increases trust in the check.
