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Cheque bounce India PathLegal .pdf

Original filename: Cheque bounce India-PathLegal.pdf
Author: pathlegal-4

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Cheque Bounce India | Cheque Rebound India
Cheque bounce in Bangalore is considered as a criminal case in India. Send a demand
notice to the party who wrote the cheque, telling to initiate proceedings if the amount due is
not paid are the initial steps that has to be done if a cheque has got bounced. Within 30 days
after receiving the cheque, the notice should be send. There is no special format for this
notice. The notice should contain the details such that if payment is not done within 15 days,
the issuer will be punished. This will be enough in getting justice for cheque bounce
issues.For more http://www.pathlegal.in/ChequeBounce/Bangalore/

The below steps are to be followed if someone met with cheque bounce issues. First the
person who wants money has to send a demand notice .Through this notice may threaten to
initiate proceedings under the NI Act, if the amount due is not paid. It will work in most of
the cases. If the party is an individual, the proceedings will go under section 138 of the NI
Act and if it is a company, the M D can be prosecuted personally under section 141.

You can get more information about Cheque bounce in India in the above mentioned link.

Document preview Cheque bounce India-PathLegal.pdf - page 1/1

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