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Dishonor of cheque
- 1. Topic : Dishonorof cheque NAME : BISWAJIT PATRA CODE : A0084191 TOTAL SLIDE : 07
- 2. “Cheque is aninstrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only to or the order of certain person or to the bearer of instrument.’ Introduction NAME : BISWAJIT PATRA CODE : A0084191 Page No.: 01/07
- 3. The NegotiableInstruments Act, 1881 makes the dishonor of cheque a criminal offence. Section 138 of NIA provides that the dishonor of the cheques for the reasons Definition “A cheque is said to be dishonored when the payment is not made on its presentment to the Bank.” NAME : BISWAJIT PATRA CODE : A0084191 Page No.: 02/07
- 4. Features It in regulatedunder Negotiable instrument Act 1881 Bank cheque five for cheque dishonor NAME : BISWAJIT PATRA CODE : A0084191 Page No.: 03/07
- 5. Importance For Protectsthe cheque from being cheated. Insanity of Customer NAME : BISWAJIT PATRA CODE : A0084191 Page No.: 04/07
- 6. Examples Mistake inissuing cheque (like date) Request by Drawer Insolvency Court Order NAME : BISWAJIT PATRA CODE : A0084191 Page No.: 05/07
- 7. Advantage There is acharge on cheque dishonor so it protect people from issuing fake insufficient amount cheque. NAME : BISWAJIT PATRA CODE : A0084191 Page No.: 06/07
- 8. In a nutshell Itis a way to regulate cheque bouncing NAME : BISWAJIT PATRA CODE : A0084191 Page No.: 07/07
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