dishonor of cheque
TRANSCRIPT
Topic : Dishonor of cheque
NAME : BISWAJIT PATRACODE : A0084191TOTAL SLIDE : 07
“Cheque is an instrument 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 PATRACODE : A0084191
Page No.: 01/07
The Negotiable Instruments 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 PATRACODE : A0084191
Page No.: 02/07
FeaturesIt in regulated under Negotiable instrument Act 1881Bank cheque five for cheque dishonor
NAME : BISWAJIT PATRACODE : A0084191
Page No.: 03/07
Importance For Protects the cheque from being
cheated.
Insanity of Customer
NAME : BISWAJIT PATRACODE : A0084191
Page No.: 04/07
Examples
Mistake in issuing cheque (like
date)
Request by Drawer
Insolvency
Court Order
NAME : BISWAJIT PATRACODE : A0084191
Page No.: 05/07
AdvantageThere is a charge on cheque dishonor so it protect people from issuing fake insufficient amount cheque.
NAME : BISWAJIT PATRACODE : A0084191
Page No.: 06/07
In a nutshell
It is a way to regulate cheque bouncing
NAME : BISWAJIT PATRACODE : A0084191
Page No.: 07/07
Thank you