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CHEQUE BOUNCING: WHAT YOU SHOULD KNOW

CHEQUE BOUNCING: WHAT YOU SHOULD KNOW   What is the law on Cheque Bouncing?   Section 138 of the Negotiable Instruments Act, 1881 (Act) deals with “Dishonour of Cheque”. This Act provides for Criminal Prosecution, in case a Cheque issued towards legally enforceable debt is bounced. The Act provides for i) Monetary Penalty: At the … Read moreCHEQUE BOUNCING: WHAT YOU SHOULD KNOW