Tag Archives: cheque

What is a Cheque Bounce Notice under Section 138 of the NI Act?

How to draft a Cheque Bounce Notice under Section 138 of 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 matter. But this method also has some positive and negative factors which …

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Difference between Promissory note and Cheque under the NI Act

Difference between Promissory note and Cheque under the NI Act

(1) introduction:  Personal transaction or business transaction needs payment.  All people like to have a cash payment. But sometimes, cash payment carries risk. To make payment secured, people seek negotiable instruments like cheques or promissory notes.  But it is sorry to say that most of the time, people do the …

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What are the effects of material alteration in cheque?

What are the effects of material alteration of 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. …

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