PAYING BANKER, Payment in due course, Duties & Responsibilities of a paying Banker
•Download as PPTX, PDF•
0 likes•105 views
PAYING BANKER, Payment in due course, Duties & Responsibilities of a paying Banker
Report
Share
Report
Share
Recommended
Collecting banker, Capacity of collecting Banker, conditions under section 13...
Collecting banker, Capacity of collecting Banker, conditions under section 131, Duties of collecting banker
Bpt seminar - cheques
This document summarizes a seminar presentation on cheques. It defines a cheque, outlines the essential features of a valid cheque, and describes different types of cheques such as bearer, order, crossed, and post-dated cheques. It also discusses endorsement of cheques, the roles and responsibilities of a paying banker, circumstances under which cheques may be dishonored, and legal protections for paying bankers. The presentation covered key concepts relating to cheques under Indian law.
BLO 3rd Unit PPT.pptx
A collecting banker undertakes the responsibility to collect money on behalf of its clients from other banks. The key duties of a collecting banker include exercising due care and diligence in cheque collection, acting as an agent, presenting cheques within stipulated timeframes, and serving dishonour notices. A collecting banker must take precautions like verifying customer details and cheque validity. It receives statutory protections for crossed cheques and credits after actual collection. Becoming a holder for value, such as by paying against uncollected funds, allows the banker to collect for itself rather than the customer.
Cheque payment
This document discusses cheques and encashment. It defines what a cheque is and outlines the key parties and requisites of a cheque, including that it must be in writing, drawn on a specified banker, for a sum certain, signed by the drawer, and payable on demand. The document also covers types of cheques, essentials for cheque payment such as sufficient funds and proper form, and circumstances where a bank may pay money by mistake and attempt recovery.
Payment of cheques chapter 1
The document discusses the obligations and precautions of banks when honoring customer cheques under the Negotiable Instruments Act. It explains that banks must honor cheques drawn by customers if there are sufficient funds, and outlines various precautions banks must take regarding genuineness of cheques, customer accounts and balances, and legal restrictions. Precautions include verifying signatures, dates, amounts, endorsements, checking for stops on payments or legal orders, and only making payments that constitute "payment-in-due-course".
Collecting and paying banker
The document discusses the roles and responsibilities of collecting bankers and paying bankers when dealing with cheques. It outlines two options a customer has when receiving a cheque - depositing it directly or sending it to their banker for collection. It explains that a collecting banker can act as a holder for value or as an agent, and describes the conditions under which they are considered a holder for value. The duties of paying bankers to verify cheque details and ensure sufficient funds are also reviewed. Statutory protections for collecting and paying bankers are discussed if they act in good faith and without negligence.
Collecting and paying banker
The document discusses the roles and responsibilities of collecting bankers and paying bankers when dealing with cheques. It outlines two options a customer has when receiving a cheque - depositing it directly or sending it to their banker for collection. It explains that a collecting banker can act as a holder for value or as an agent, and describes the conditions under which they are considered a holder for value. The duties of paying bankers to verify cheque details and ensure sufficient funds are also summarized. Finally, it discusses the statutory protections provided to collecting and paying bankers if they act in good faith and without negligence.
Collection of cheque chapter 2
The document discusses the roles and responsibilities of a collecting banker when handling cheque collections. It outlines that a collecting banker can act either as a holder for value or as an agent of the customer. As a holder for value, the collecting banker enjoys rights similar to a holder in due course. As an agent, the banker must take precautions to avoid liability for conversion. The document also discusses the statutory protection provided to collecting bankers under Section 131 of the Negotiable Instruments Act if they collect payment in good faith and without negligence. It provides examples of negligence and outlines various duties and precautions collecting bankers must follow.
Recommended
Collecting banker, Capacity of collecting Banker, conditions under section 13...
Collecting banker, Capacity of collecting Banker, conditions under section 131, Duties of collecting banker
Bpt seminar - cheques
This document summarizes a seminar presentation on cheques. It defines a cheque, outlines the essential features of a valid cheque, and describes different types of cheques such as bearer, order, crossed, and post-dated cheques. It also discusses endorsement of cheques, the roles and responsibilities of a paying banker, circumstances under which cheques may be dishonored, and legal protections for paying bankers. The presentation covered key concepts relating to cheques under Indian law.
BLO 3rd Unit PPT.pptx
A collecting banker undertakes the responsibility to collect money on behalf of its clients from other banks. The key duties of a collecting banker include exercising due care and diligence in cheque collection, acting as an agent, presenting cheques within stipulated timeframes, and serving dishonour notices. A collecting banker must take precautions like verifying customer details and cheque validity. It receives statutory protections for crossed cheques and credits after actual collection. Becoming a holder for value, such as by paying against uncollected funds, allows the banker to collect for itself rather than the customer.
Cheque payment
This document discusses cheques and encashment. It defines what a cheque is and outlines the key parties and requisites of a cheque, including that it must be in writing, drawn on a specified banker, for a sum certain, signed by the drawer, and payable on demand. The document also covers types of cheques, essentials for cheque payment such as sufficient funds and proper form, and circumstances where a bank may pay money by mistake and attempt recovery.
Payment of cheques chapter 1
The document discusses the obligations and precautions of banks when honoring customer cheques under the Negotiable Instruments Act. It explains that banks must honor cheques drawn by customers if there are sufficient funds, and outlines various precautions banks must take regarding genuineness of cheques, customer accounts and balances, and legal restrictions. Precautions include verifying signatures, dates, amounts, endorsements, checking for stops on payments or legal orders, and only making payments that constitute "payment-in-due-course".
Collecting and paying banker
The document discusses the roles and responsibilities of collecting bankers and paying bankers when dealing with cheques. It outlines two options a customer has when receiving a cheque - depositing it directly or sending it to their banker for collection. It explains that a collecting banker can act as a holder for value or as an agent, and describes the conditions under which they are considered a holder for value. The duties of paying bankers to verify cheque details and ensure sufficient funds are also reviewed. Statutory protections for collecting and paying bankers are discussed if they act in good faith and without negligence.
Collecting and paying banker
The document discusses the roles and responsibilities of collecting bankers and paying bankers when dealing with cheques. It outlines two options a customer has when receiving a cheque - depositing it directly or sending it to their banker for collection. It explains that a collecting banker can act as a holder for value or as an agent, and describes the conditions under which they are considered a holder for value. The duties of paying bankers to verify cheque details and ensure sufficient funds are also summarized. Finally, it discusses the statutory protections provided to collecting and paying bankers if they act in good faith and without negligence.
Collection of cheque chapter 2
The document discusses the roles and responsibilities of a collecting banker when handling cheque collections. It outlines that a collecting banker can act either as a holder for value or as an agent of the customer. As a holder for value, the collecting banker enjoys rights similar to a holder in due course. As an agent, the banker must take precautions to avoid liability for conversion. The document also discusses the statutory protection provided to collecting bankers under Section 131 of the Negotiable Instruments Act if they collect payment in good faith and without negligence. It provides examples of negligence and outlines various duties and precautions collecting bankers must follow.
cheques presentation
This document summarizes a seminar on cheques given by five students. It defines a cheque, outlines the essential features of a valid cheque, and describes the different types of cheques. It also discusses endorsement of cheques, the roles and responsibilities of a paying banker and collecting banker, circumstances for dishonoring a cheque, and the protections provided to paying and collecting bankers under Indian law.
Paying banker and collecting banker
This document discusses the roles and responsibilities of paying bankers and collecting bankers. It defines a paying banker as the banker who holds the account of the drawer of a cheque and is obligated to make payment if funds are sufficient. The key duties of a paying banker are to honor valid customer cheques in a timely manner according to law. A collecting banker undertakes to collect payment on cheques and other instruments from the paying banker on behalf of customers, and has duties to exercise care during collection and notify customers of dishonored cheques. The document also outlines circumstances where bankers may rightfully dishonor cheques and their liabilities for wrongful dishonor.
unit - 6.pptx
Negotiable instruments are legal documents that can be transferred between parties as a form of payment. Common examples include cheques, promissory notes, and bills of exchange. Cheques allow parties to transfer money from a bank account, while promissory notes and bills of exchange facilitate credit transactions. Negotiable instruments must meet certain legal requirements to be enforceable, such as being in writing, containing an unconditional order of payment, and specifying the amount to be paid. Misusing these instruments by forgery, fraud, or bouncing payments can result in legal penalties like fines and imprisonment according to Nepali law. Proper use of negotiable instruments is important for commercial and financial transactions.
Banking operations
Collecting Banker is one which undertakes the responsibility to collect money in favor of its client from other banker. collectiong banker. paying banker. lending banker. precautions and protuctions of collecting, paying banker. types of loan
Cheque payment or Encashment of Cheque
The presentation includes:
- Definition of Cheque
- Parties in Cheque
- The requisites of Cheque
- Types of Cheques- Open and Cross Cheques
-Payment of Cheque
-Money Paid by Mistake
Negotiable instrument negotiable instrumentsact1881
This document provides an overview of negotiable instruments under the Negotiable Instruments Act 1881. It defines key terms like promissory note, bill of exchange, cheque, inland and foreign instruments. It describes the essential elements and parties involved in promissory notes, bills of exchange and cheques. It also discusses negotiation, crossing of cheques, presumptions related to negotiable instruments and endorsement.
Paying banker and its duties
The paying banker is responsible for honoring customer checks when sufficient funds are available. However, the banker must take precautions and ensure checks are valid before payment by verifying details like the form, date, amount, signatures, endorsements and for any alterations. The banker should also consider legal restrictions or orders to stop payment from the customer. Some key duties of the paying banker include verifying funds availability, checking for proper formatting of checks and adhering to the order of received checks when funds are insufficient.
Collecting banker
Collecting Banker: Duties, Statutory Protection and Concept of Negligence, Position of a Collecting Banker, Duties and Responsibilities of Collecting Banker,Statutory Protection to Collecting Banker, Holder
and
Holder in Due Course
Bill of exhange and promissery notes and cheques by tahseen ullah- 01
There are two main types of financial instruments discussed in the document: promissory notes and bills of exchange.
A promissory note contains an unconditional promise by the maker to pay a certain sum of money to the payee. It must be in writing, signed by the maker, and include an unambiguous promise to pay a definite amount of money in legal tender.
A bill of exchange is an unconditional order by the drawer for the drawee to pay a certain sum of money to the payee. It involves three parties: the drawer, drawee, and payee. While a promissory note only requires two parties: the maker and payee.
The document also discusses cheques
DUTIES OF COLLECTING BANKERS
Collecting bankers are an essential part of the financial system, responsible for processing
cheques and ensuring that funds are transferred securely between banks. They act as
Negotiation instruments
This document defines and describes negotiable instruments, which are written documents that are freely transferable and give rights to whoever possesses them, even if there are defects in the original owner's title. It specifically discusses promissory notes, bills of exchange, and checks as the three recognized types of negotiable instruments in Indian law. A promissory note contains an unconditional promise to pay a certain sum of money. A bill of exchange contains an unconditional order to pay a certain sum. A check is a bill of exchange drawn on a bank and payable on demand.
Various types of Negotiable Instruments
This document discusses negotiable instruments under Indian law. It defines negotiable instruments as promissory notes, bills of exchange, or cheques that are freely transferable. It outlines the key characteristics of negotiable instruments, including that they provide title to the holder, allow the holder to sue in their own name, and come with legal presumptions around consideration and transfer dates. The document also describes the formal requirements and parties for different types of negotiable instruments like promissory notes, bills of exchange, and cheques. Finally, it discusses how negotiable instruments can be dishonored through non-acceptance or non-payment, and the process for notifying parties of dishonor.
Principles and Practices of Banking module 2
Banker-Customer Relationship
Debtor-Creditor relationship
Banks as a trustee
Anti-money laundering
Deposit products or services
Payment and collection of cheques and other negotiable instruments
Books referred - Dr.Nirmala Prasad, K. Chandrasass j (Banking and financial system)& Mithani, Gordan (Banking and financial systems)
Legal Provisions Related To Dishonour Cheques.pdf
This document summarizes legal provisions related to dishonored cheques under Pakistani law. It discusses what constitutes an offence for a dishonored cheque, including that the cheque must be presented within 6 months, the payee must demand payment within 30 days of notice of dishonor, and the drawer must fail to pay within 15 days of receiving notice. It also covers offences by companies, that stop payment instructions do not prevent liability, notice requirements, remedies, filing complaints, and court procedures for handling complaints.
MODERN BANKING - The Negotiable Instruments Act
This document provides an overview of negotiable instruments including the Negotiable Instruments Act of 1881. It defines key terms like negotiable instrument, discusses the characteristics of negotiable instruments like being freely transferable and presuming consideration. It also covers specific instruments like promissory notes, bills of exchange, and cheques. For each it defines the instrument, essential elements, parties involved and how they can be discharged when rights under the instrument are extinguished.
Payment methods
This document discusses various payment methods including cheques, credit cards, debit cards, and cash cards. It describes the key characteristics of cheques such as being drawn on a banker, payable on demand, and containing a certain money amount. It also discusses crossed and open cheques, components of a bill of exchange, protections provided to paying and collecting bankers, negotiation of cheques, dishonor of cheques due to insufficient funds, and the different types of cards including their distinguishing features.
Business Law - Bankers and Cheques
The document discusses bankers, customers, and dishonour of cheques under Indian law. It provides definitions of collecting bankers and paying bankers. It explains cheque clearance processes and protections provided to collecting bankers under Section 131 of the Negotiable Instruments Act. The duties and liabilities of paying bankers are greater, including verifying signatures and endorsements. A cheque holder can proceed against the bank if the drawer is discharged or the bank pays out of due course. Dishonour of cheques is governed by the Act, with conditions for presumption of dishonour and penalties for failure to pay within 15 days of notice. Offences can also apply to companies and directors.
contract1
The document discusses key concepts related to negotiable instruments under Indian law, including definitions of holder, holder in due course, and payment in due course. It also covers the different types of cheque crossing - general crossing, special crossing, restrictive crossing, and non-negotiable crossing. Students are assigned questions to differentiate between a holder and holder in due course, and between payment and payment in due course. They are instructed to email their responses with identifying details.
Dishonour of cheque
This document provides an overview of dishonour of cheques under Indian law. It defines dishonour of a cheque as when it is returned unpaid by the drawee bank for reasons of insufficient funds or signature mismatch. There are two kinds of dishonour: non-acceptance and non-payment. Dishonour can result in legal action against the drawer, loss of negotiability of the cheque, and accrual of a cause of action if a demand notice is issued and unpaid. Dishonour becomes a criminal offense if the payee gives notice demanding payment within 15 days and payment is not made within a further 15 days. Liability on dishonour can be civil, resulting in a fine of twice the
Negotiable instruments
The document defines and compares different types of negotiable instruments - promissory notes, bills of exchange, and cheques. It states that a negotiable instrument is a document that allows the transfer of rights from one person to another according to the Negotiable Instruments Act of 1881. It then provides details on the key characteristics and requirements for each type of instrument, such as needing to contain an unconditional promise to pay, having ascertainable parties, and being in writing. It also highlights some of the differences between these instruments, such as cheques requiring a specified banker as the drawee and always being payable on demand.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
-------------------------------------------------------------------------------
Find out more about ISO training and certification services
Training: ISO/IEC 27001 Information Security Management System - EN | PECB
ISO/IEC 42001 Artificial Intelligence Management System - EN | PECB
General Data Protection Regulation (GDPR) - Training Courses - EN | PECB
Webinars: https://pecb.com/webinars
Article: https://pecb.com/article
-------------------------------------------------------------------------------
For more information about PECB:
Website: https://pecb.com/
LinkedIn: https://www.linkedin.com/company/pecb/
Facebook: https://www.facebook.com/PECBInternational/
Slideshare: http://www.slideshare.net/PECBCERTIFICATION
More Related Content
Similar to PAYING BANKER, Payment in due course, Duties & Responsibilities of a paying Banker
cheques presentation
This document summarizes a seminar on cheques given by five students. It defines a cheque, outlines the essential features of a valid cheque, and describes the different types of cheques. It also discusses endorsement of cheques, the roles and responsibilities of a paying banker and collecting banker, circumstances for dishonoring a cheque, and the protections provided to paying and collecting bankers under Indian law.
Paying banker and collecting banker
This document discusses the roles and responsibilities of paying bankers and collecting bankers. It defines a paying banker as the banker who holds the account of the drawer of a cheque and is obligated to make payment if funds are sufficient. The key duties of a paying banker are to honor valid customer cheques in a timely manner according to law. A collecting banker undertakes to collect payment on cheques and other instruments from the paying banker on behalf of customers, and has duties to exercise care during collection and notify customers of dishonored cheques. The document also outlines circumstances where bankers may rightfully dishonor cheques and their liabilities for wrongful dishonor.
unit - 6.pptx
Negotiable instruments are legal documents that can be transferred between parties as a form of payment. Common examples include cheques, promissory notes, and bills of exchange. Cheques allow parties to transfer money from a bank account, while promissory notes and bills of exchange facilitate credit transactions. Negotiable instruments must meet certain legal requirements to be enforceable, such as being in writing, containing an unconditional order of payment, and specifying the amount to be paid. Misusing these instruments by forgery, fraud, or bouncing payments can result in legal penalties like fines and imprisonment according to Nepali law. Proper use of negotiable instruments is important for commercial and financial transactions.
Banking operations
Collecting Banker is one which undertakes the responsibility to collect money in favor of its client from other banker. collectiong banker. paying banker. lending banker. precautions and protuctions of collecting, paying banker. types of loan
Cheque payment or Encashment of Cheque
The presentation includes:
- Definition of Cheque
- Parties in Cheque
- The requisites of Cheque
- Types of Cheques- Open and Cross Cheques
-Payment of Cheque
-Money Paid by Mistake
Negotiable instrument negotiable instrumentsact1881
This document provides an overview of negotiable instruments under the Negotiable Instruments Act 1881. It defines key terms like promissory note, bill of exchange, cheque, inland and foreign instruments. It describes the essential elements and parties involved in promissory notes, bills of exchange and cheques. It also discusses negotiation, crossing of cheques, presumptions related to negotiable instruments and endorsement.
Paying banker and its duties
The paying banker is responsible for honoring customer checks when sufficient funds are available. However, the banker must take precautions and ensure checks are valid before payment by verifying details like the form, date, amount, signatures, endorsements and for any alterations. The banker should also consider legal restrictions or orders to stop payment from the customer. Some key duties of the paying banker include verifying funds availability, checking for proper formatting of checks and adhering to the order of received checks when funds are insufficient.
Collecting banker
Collecting Banker: Duties, Statutory Protection and Concept of Negligence, Position of a Collecting Banker, Duties and Responsibilities of Collecting Banker,Statutory Protection to Collecting Banker, Holder
and
Holder in Due Course
Bill of exhange and promissery notes and cheques by tahseen ullah- 01
There are two main types of financial instruments discussed in the document: promissory notes and bills of exchange.
A promissory note contains an unconditional promise by the maker to pay a certain sum of money to the payee. It must be in writing, signed by the maker, and include an unambiguous promise to pay a definite amount of money in legal tender.
A bill of exchange is an unconditional order by the drawer for the drawee to pay a certain sum of money to the payee. It involves three parties: the drawer, drawee, and payee. While a promissory note only requires two parties: the maker and payee.
The document also discusses cheques
DUTIES OF COLLECTING BANKERS
Collecting bankers are an essential part of the financial system, responsible for processing
cheques and ensuring that funds are transferred securely between banks. They act as
Negotiation instruments
This document defines and describes negotiable instruments, which are written documents that are freely transferable and give rights to whoever possesses them, even if there are defects in the original owner's title. It specifically discusses promissory notes, bills of exchange, and checks as the three recognized types of negotiable instruments in Indian law. A promissory note contains an unconditional promise to pay a certain sum of money. A bill of exchange contains an unconditional order to pay a certain sum. A check is a bill of exchange drawn on a bank and payable on demand.
Various types of Negotiable Instruments
This document discusses negotiable instruments under Indian law. It defines negotiable instruments as promissory notes, bills of exchange, or cheques that are freely transferable. It outlines the key characteristics of negotiable instruments, including that they provide title to the holder, allow the holder to sue in their own name, and come with legal presumptions around consideration and transfer dates. The document also describes the formal requirements and parties for different types of negotiable instruments like promissory notes, bills of exchange, and cheques. Finally, it discusses how negotiable instruments can be dishonored through non-acceptance or non-payment, and the process for notifying parties of dishonor.
Principles and Practices of Banking module 2
Banker-Customer Relationship
Debtor-Creditor relationship
Banks as a trustee
Anti-money laundering
Deposit products or services
Payment and collection of cheques and other negotiable instruments
Books referred - Dr.Nirmala Prasad, K. Chandrasass j (Banking and financial system)& Mithani, Gordan (Banking and financial systems)
Legal Provisions Related To Dishonour Cheques.pdf
This document summarizes legal provisions related to dishonored cheques under Pakistani law. It discusses what constitutes an offence for a dishonored cheque, including that the cheque must be presented within 6 months, the payee must demand payment within 30 days of notice of dishonor, and the drawer must fail to pay within 15 days of receiving notice. It also covers offences by companies, that stop payment instructions do not prevent liability, notice requirements, remedies, filing complaints, and court procedures for handling complaints.
MODERN BANKING - The Negotiable Instruments Act
This document provides an overview of negotiable instruments including the Negotiable Instruments Act of 1881. It defines key terms like negotiable instrument, discusses the characteristics of negotiable instruments like being freely transferable and presuming consideration. It also covers specific instruments like promissory notes, bills of exchange, and cheques. For each it defines the instrument, essential elements, parties involved and how they can be discharged when rights under the instrument are extinguished.
Payment methods
This document discusses various payment methods including cheques, credit cards, debit cards, and cash cards. It describes the key characteristics of cheques such as being drawn on a banker, payable on demand, and containing a certain money amount. It also discusses crossed and open cheques, components of a bill of exchange, protections provided to paying and collecting bankers, negotiation of cheques, dishonor of cheques due to insufficient funds, and the different types of cards including their distinguishing features.
Business Law - Bankers and Cheques
The document discusses bankers, customers, and dishonour of cheques under Indian law. It provides definitions of collecting bankers and paying bankers. It explains cheque clearance processes and protections provided to collecting bankers under Section 131 of the Negotiable Instruments Act. The duties and liabilities of paying bankers are greater, including verifying signatures and endorsements. A cheque holder can proceed against the bank if the drawer is discharged or the bank pays out of due course. Dishonour of cheques is governed by the Act, with conditions for presumption of dishonour and penalties for failure to pay within 15 days of notice. Offences can also apply to companies and directors.
contract1
The document discusses key concepts related to negotiable instruments under Indian law, including definitions of holder, holder in due course, and payment in due course. It also covers the different types of cheque crossing - general crossing, special crossing, restrictive crossing, and non-negotiable crossing. Students are assigned questions to differentiate between a holder and holder in due course, and between payment and payment in due course. They are instructed to email their responses with identifying details.
Dishonour of cheque
This document provides an overview of dishonour of cheques under Indian law. It defines dishonour of a cheque as when it is returned unpaid by the drawee bank for reasons of insufficient funds or signature mismatch. There are two kinds of dishonour: non-acceptance and non-payment. Dishonour can result in legal action against the drawer, loss of negotiability of the cheque, and accrual of a cause of action if a demand notice is issued and unpaid. Dishonour becomes a criminal offense if the payee gives notice demanding payment within 15 days and payment is not made within a further 15 days. Liability on dishonour can be civil, resulting in a fine of twice the
Negotiable instruments
The document defines and compares different types of negotiable instruments - promissory notes, bills of exchange, and cheques. It states that a negotiable instrument is a document that allows the transfer of rights from one person to another according to the Negotiable Instruments Act of 1881. It then provides details on the key characteristics and requirements for each type of instrument, such as needing to contain an unconditional promise to pay, having ascertainable parties, and being in writing. It also highlights some of the differences between these instruments, such as cheques requiring a specified banker as the drawee and always being payable on demand.
Similar to PAYING BANKER, Payment in due course, Duties & Responsibilities of a paying Banker (20)
Negotiable instrument negotiable instrumentsact1881
Negotiable instrument negotiable instrumentsact1881
Bill of exhange and promissery notes and cheques by tahseen ullah- 01
Bill of exhange and promissery notes and cheques by tahseen ullah- 01
Recently uploaded
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
-------------------------------------------------------------------------------
Find out more about ISO training and certification services
Training: ISO/IEC 27001 Information Security Management System - EN | PECB
ISO/IEC 42001 Artificial Intelligence Management System - EN | PECB
General Data Protection Regulation (GDPR) - Training Courses - EN | PECB
Webinars: https://pecb.com/webinars
Article: https://pecb.com/article
-------------------------------------------------------------------------------
For more information about PECB:
Website: https://pecb.com/
LinkedIn: https://www.linkedin.com/company/pecb/
Facebook: https://www.facebook.com/PECBInternational/
Slideshare: http://www.slideshare.net/PECBCERTIFICATION
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptx
BÀI TẬP DẠY THÊM TIẾNG ANH LỚP 7 CẢ NĂM FRIENDS PLUS SÁCH CHÂN TRỜI SÁNG TẠO ...
BÀI TẬP DẠY THÊM TIẾNG ANH LỚP 7 CẢ NĂM FRIENDS PLUS SÁCH CHÂN TRỜI SÁNG TẠO ...Nguyen Thanh Tu Collection
https://app.box.com/s/qhtvq32h4ybf9t49ku85x0n3xl4jhr15The History of Stoke Newington Street Names
Presented at the Stoke Newington Literary Festival on 9th June 2024
www.StokeNewingtonHistory.com
Mule event processing models | MuleSoft Mysore Meetup #47
Mule event processing models | MuleSoft Mysore Meetup #47
Event Link:- https://meetups.mulesoft.com/events/details/mulesoft-mysore-presents-mule-event-processing-models/
Agenda
● What is event processing in MuleSoft?
● Types of event processing models in Mule 4
● Distinction between the reactive, parallel, blocking & non-blocking processing
For Upcoming Meetups Join Mysore Meetup Group - https://meetups.mulesoft.com/mysore/YouTube:- youtube.com/@mulesoftmysore
Mysore WhatsApp group:- https://chat.whatsapp.com/EhqtHtCC75vCAX7gaO842N
Speaker:-
Shivani Yasaswi - https://www.linkedin.com/in/shivaniyasaswi/
Organizers:-
Shubham Chaurasia - https://www.linkedin.com/in/shubhamchaurasia1/
Giridhar Meka - https://www.linkedin.com/in/giridharmeka
Priya Shaw - https://www.linkedin.com/in/priya-shaw
Gender and Mental Health - Counselling and Family Therapy Applications and In...
A proprietary approach developed by bringing together the best of learning theories from Psychology, design principles from the world of visualization, and pedagogical methods from over a decade of training experience, that enables you to: Learn better, faster!
BBR 2024 Summer Sessions Interview Training
Qualitative research interview training by Professor Katrina Pritchard and Dr Helen Williams
Temple of Asclepius in Thrace. Excavation results
The temple and the sanctuary around were dedicated to Asklepios Zmidrenus. This name has been known since 1875 when an inscription dedicated to him was discovered in Rome. The inscription is dated in 227 AD and was left by soldiers originating from the city of Philippopolis (modern Plovdiv).
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
How to Setup Warehouse & Location in Odoo 17 Inventory
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
Walmart Business+ and Spark Good for Nonprofits.pdf
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
Answers about how you can do more with Walmart!"
RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
Physical pharmaceutics notes for B.pharm students
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...Nguyen Thanh Tu Collection
https://app.box.com/s/y977uz6bpd3af4qsebv7r9b7s21935vdRecently uploaded (20)
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptx
B. Ed Syllabus for babasaheb ambedkar education university.pdf
B. Ed Syllabus for babasaheb ambedkar education university.pdf
Film vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movie
BÀI TẬP DẠY THÊM TIẾNG ANH LỚP 7 CẢ NĂM FRIENDS PLUS SÁCH CHÂN TRỜI SÁNG TẠO ...
BÀI TẬP DẠY THÊM TIẾNG ANH LỚP 7 CẢ NĂM FRIENDS PLUS SÁCH CHÂN TRỜI SÁNG TẠO ...
Mule event processing models | MuleSoft Mysore Meetup #47
Mule event processing models | MuleSoft Mysore Meetup #47
Gender and Mental Health - Counselling and Family Therapy Applications and In...
Gender and Mental Health - Counselling and Family Therapy Applications and In...
How to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 Inventory
Walmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdf
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
PAYING BANKER, Payment in due course, Duties & Responsibilities of a paying Banker
- 1. PAYING BANKER The “paying banker” is the bank that pays the cheque to the payee or the holder of the cheque. The paying banker cancels the signature of the drawer on payment of the cheque either by the usual means of authorizing a drawer’s signature or by any method that the bank takes, which also reflects the point of payment.
- 2. Conditions given under payment in due course 1. Payment must be in accordance with the apparent tenor of the instrument. 2. Payment made must be to a legally entitled person in good faith and without negligence. 3. Payment must be made only against presentation of the instrument for payment. 4. The drawee shall receive and see the instrument presented to him for payment before making payment.
- 4. Duties and responsibilities of a paying banker 1. A paying banker has an obligation to honour cheques of its customer, drawn on him and presented for payment, subject to the condition that there are sufficient funds in the accounts . 2. A paying banker must exercise due diligence and ensure that there are no grounds to believe that the cheque is not owned by the person presenting across the counter . 3. A paying banker should act in good faith and without negligence . 4. A paying banker must make payment only against presentation of the instrument for payment . 5. The drawee shall receive and see the instrument presented to him for payment before making payment . 6. A paying banker must ensure that the payment is made in accordance with the apparent tenor of the instrument in good faith and without negligence to any person in possession thereof under circumstances which do not afford a reasonable ground for believing that he is not entitled to receive payment of the amount therein mentioned.
- 5. Thanking you