Dishonor of Cheques
April 2nd, 2013 by CHEQUEMAN
When a cheque is presented to a bank for payment and if it is not paid to the drawee, it is said to be dishonored or bounced. It is a negotiable instrument and so dishonoring of cheques is said to be a Criminal Offence under NEGOTIABLE INSTRUMENT ACT, 1881. The guilty can be charged with […]