There are many types of cheque available related to the banking transaction and the bearer cheque is also among them. The account holders can use this cheque facility to make their money transactions easy and safe. Here we will discuss the bearer cheque. (1) What is bearer cheque? When on …
Read More »What are the effects of material alteration in cheque?
Meaning of material alteration in cheque? Material alteration means to make alter or change some material parts of the instrument and try to make it a valid created with the purpose of the nature of that instrument. Due to the effects of Material Alteration, the said instrument become a void. …
Read More »What is the effect if Drawer’s Signature differs can it attract to cheque bounce case?
The simple answer to this question is yes if Drawer’s Signature differs can attract to cheque bounce case but before we get the perfect answer, we have to know about which parameter and circumstances have become to know for believing that if drawer signature is a mismatch, then it attracts …
Read More »If Drawer’s Signature differs can it attract criminal proceedings u/s.138 of IN act?
The answer to the above questions is yes. If drawer’s signature differs or mismatch with the specimen which is available on the bank record and due to this reason said cheque, not encash but dishonored for the reason that the Drawer’s Signature differs, It shall be a punishable offense and …
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