What is a Cheque Bounce Notice under Section 138 of the NI Act?
Introduction Why do most people make their money transactions through the cheque method? Of course, it is a straightforward and secure method for all types of financial transactions. Whether the transaction is commercial or personal, it does not…
Read more »Difference between Promissory note and Cheque under the NI Act
(1) introduction: Personal transactions or business transactions need payment. All people like to have a cash payment. But sometimes, cash payment carries risk. To secure payment, people seek negotiable instruments like cheques or promissory notes. But it is…
Read more »What is a gift cheque? if the cheque is given as a gift can it attract to cheque bounce case?
(1) What is a gift cheque? The gift cheque is another banking instrument used to gift money to loved ones, alternatively to hard cash. People use various types of cheques not only to make business or financial transactions…
Read more »What are the effects of material alteration in cheque?
What is the Meaning of material alteration in a cheque? Material alteration means altering or changing some material parts of the instrument and trying to make it a valid creation with the purpose of the nature of that…
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