Know the date of payment when you issue a cheque
October 30th, 2014 by CHEQUEMAN
When a cheque is issued, what should be considered the date of payment? Is it when the cheque is physically handed over or when it is debited from the drawer’s account and credited to the payee’s? Under the Negotiable Instruments Act, 1881, a cheque is an instrument negotiated by delivery. The drawer is discharged when […]