New Home Forums Cheque Bounce Conditions for filling case of cheque bounce

1 reply, 2 voices Last updated by  Taxolawgy 2 months ago
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    sugandha khelkar

    what conditions should be fullfiled for filling cases of cheque bounce?



    Legally, certain conditions have to be fulfilled in order to use the provisions of Section 138.
    The cheque should have been drawn by the drawer on an account maintained by him.
    The cheque should have been returned or dishonoured because of insufficient funds in the drawer’s account.
    The cheque is issued towards discharge of a debt or legal liability.
    After receiving the notice, if the drawer doesn’t make the payment within 15 days from the day of receiving the notice, then he commits an offence punishable under Section 138 of the Negotiable Instruments Act.

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