What is the violation of large cash payment?

According to the relevant laws and regulations of our country, enterprises can only use it within a limited scope. For cash payment, transfer settlement should also be made through the bank where the account is opened. Therefore, it is illegal for enterprises to pay a large amount of cash over quota.

Provisions on the administration of large cash payment:

1, a large cash filing system is implemented. For large cash payments exceeding the starting point of the amount, enterprises are required to report, register and submit them to the county people's bank for the record at any time;

2. Bills of exchange and promissory notes registered with cash exceeding the starting point of the amount shall be regarded as large cash payments, and the registration and filing system shall be implemented;

3. Our bank is equipped with part-time staff to do a good job in the registration and filing of large cash payments, and check in time when problems are found. Those who withdraw large amounts of cash, break up parts into parts or evade supervision in major violations shall be punished accordingly;

4. Strengthen leadership, cooperate closely, do a good job in cash management, clean up multi-head accounts in time, intensify investigation and punishment, plug loopholes in evading supervision, publicize cash management of enterprises, and make enterprises consciously implement relevant regulations to prevent illegal use of cash;

5. Enterprises withdraw cash, regardless of the amount, will be subject to three levels of approval, that is, the approval system for household loan officers, credit section chiefs, presidents or competent presidents to prevent enterprises from operating illegally in the process of withdrawing cash;

6. The first responsible person system shall be implemented for large cash withdrawals, that is, if the enterprise fails to use cash according to the specified purposes after withdrawing cash, resulting in unreasonable use of cash and arbitrage, the responsibility of the household loan officer shall be investigated.

To sum up, enterprises can only use it within a limited scope. For cash payment, transfer settlement should also be made through the bank where the account is opened. Therefore, it is illegal for enterprises to pay a large amount of cash over quota.

Legal basis:

Article 5 of the Provisional Regulations on Cash Management

The account opening unit may use cash within the following scope:

(1) Wages and allowances of employees;

(2) Remuneration for labor services;

(three) according to the provisions of the state awarded to individuals in science and technology, culture and art, sports and other aspects of the bonus;

(four) various labor insurance, welfare and other personal expenses stipulated by the state;

(five) the price of agricultural and sideline products and other materials purchased from individuals;

(6) Travel expenses that business travelers must carry with them;

(seven) sporadic expenditures below the starting point of settlement;

(eight) other expenses that need to be paid in cash as determined by the People's Bank of China.

The settlement starting point specified in the preceding paragraph is 1000 yuan. The adjustment of the settlement starting point shall be determined by the People's Bank of China and reported to the State Council for the record.

Article 6

Except for items (5) and (6) of Article 5 of these Regulations, the amount paid by the account opening unit to an individual that exceeds the cash limit shall be paid by cheque or cashier's check; If it is really necessary to pay cash in full, it shall be paid after being examined by the bank where the account is opened.

The cash limit specified in the preceding paragraph shall be implemented in accordance with the provisions of the second paragraph of Article 5 of these Regulations.