LawforAll

advocatemmmohan

My photo
since 1985 practicing as advocate in both civil & criminal laws

WELCOME TO LEGAL WORLD

WELCOME TO MY LEGAL WORLD - SHARE THE KNOWLEDGE

Wednesday, October 6, 2010

CHEQUE BOUNS

WHEN A CHEQUE WAS BOUNCED ISSUED BY A MANGER OF COMPANY FROM HIS PERSONAL ACCOUNT TO ANOTHER COMPANY FOR THE DEBTS OF HIS COMPANY, HIS COMPANY IS NOT LIABLE AS THE CHEQUE WAS ISSUED FORM THE PERSONAL ACCOUNT OF MANGER. CIVIL LIABILITY MAY ARISE BUT NOT CRIMINAL LIABILITY = CHEQUE ; FOR PAYMENT OF ANY AMOUNT FOR DISCHARGING THE ANY DEBT OR OTHER LIABILITY, IN WHOLE OR PART ; IS RETURNED DUE TO INSUFFICIENT OF FUNDS OR EXCEEDS THE AMOUNT AGREED BY THE BANK ; LIABLE FOR PUNISHMENT; ====PROVIDED [A] UNLESS THE CHEQUE IS PRESENTED WITHIN THE SIX MONTHS FROM THE DATE ON WHICH IT IS DRAWN OR WITHIN THE PERIOD OF ITS VALIDITY WHICH EVER IS EARLIER, ; [B] WITHIN 30 DAYS FROM THE DATE OF INFORMATION OF DISHONOUR OF CHEQUE, DEMAND NOTICE WAS GIVEN AND [C] THE ACCUSED FAILS TO PAY THE SAME EVEN AFTER DEMAND NOTICE WITHIN 15 DAYS OF THE RECEIPT OF NOTICE. EXPLANATION - DEBT OR LIABILITY MEANS A LEGALLY ENFORCEABLE DEBT OR LIABILITY. 2010 S.A.R. CRIMINAL 685.