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Legal service India => Cheque Bounce => Topic started by: celebritiesnakedw on February 02, 2012, 09:24:35 PM

Title: under what citcumstances is cheque bounce an offence?
Post by: celebritiesnakedw on February 02, 2012, 09:24:35 PM
cheque bounce an offence when it is a legally enforceable liability or debt and that it has been returned by the bank for the reason for insufficient of funds in the account.

Also  it will become an offence under Section 138 of the Negotiable Instruments Act if proper notice in writing to the drawer of the cheque demanding payment is issued and failure on the part of the drawer to make payment within 30 days of receipt of the notice.
Title: Re: under what citcumstances is cheque bounce an offence?
Post by: rivenbark121 on January 21, 2013, 03:53:49 AM
Hello
    please  all entry in last five translation of check in the account the related the data  and then the informed this ?
Title: Re: under what citcumstances is cheque bounce an offence?
Post by: swannjohnm on February 12, 2013, 11:14:02 PM
Bounced cheques can harm your credit rating and this can be very harmful when people need to get credit in any type. Many situations of bounced cheques are linked with issue with the system that is used for clearing cheques.