Dishonour of Cheques...

...is an offence.

If a cheque is dishonoured you should give notice in 30 days and a lot of legal formalities are there. You can clarify your doubts here.

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vskesavan

Security measures taken in Madras High court.

NOTIFICATION No.115/2008







As per the decision of the Hon'ble Security Committee,

comprising of three Hon'ble Judges, the Advocate General and

Presidents/Secretaries of various Advocate Associations and in

order to ensure safety and security inside the High Court

premise t is notified as follows:-



1) With effect from 30.07.2008, at all entry points, the Police

will made a random check of the visitors and their baggages.



2)… Continue

Posted by vskesavan on July 30, 2008 at 6:17am

vskesavan

Cheques issued for security etc...

Even if the cheque is issued for security or guarantee purposes, if dishonoured, it will attract prosecution U/s.138 of NI Act. The account holder should have the sufficient amount in his account to honour the cheque on the date of issuing of the cheque itself. Even though this is not followed in today's transactions, atleast the drawer should maintain sufficient balance of cheque value on the date of cheque as precautionary measure. Further, he should give stop payment advice to the bank… Continue

Posted by vskesavan on July 6, 2008 at 11:44am

vskesavan

Mandatory requirements....

Penal provision under Sec.138 of the Negotiable Instruments Act could be attracted only when the complainant proves that the cheque in question was issued for discharge in whole or in part of any debt or other legally enforceable liability. In the absence of any proof of debt or legally enforceable liability no criminal intention could be attributed to the accused.

Posted by vskesavan on July 5, 2008 at 4:19pm

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Forum

Hemant9820174108

Collateral cheques can’t bounce: HC

Started by Hemant9820174108 Mar 1, 2010.

vskesavan

Click or Just copy and past this link to see the Important case laws on Dishonour of Cheques. 2 Replies

Started by vskesavan. Last reply by Hemant9820174108 Mar 1, 2010.

vskesavan

Cheque dishonoring is an offence - consequences. 1 Reply

Started by vskesavan. Last reply by vskesavan Jul 6, 2008.

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