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 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…
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 presented for gifting money to the loved ones alternatively of hard cash. people are used various types of cheques not only for making business or…
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…
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