Category: cheque return notice

Notice Against Cheque Bounce Explained

By Team Legal Helpline India

Notice against cheque bounce is a very important stage for the initiation of legal proceedings under Section 138 of the NI Act. The Notice against cheque bounce¬†is to be issued within 30 days of the receipt of information of bouncing of the cheque. Legally, it is the non-payment of the dishonored cheque within fifteen days from the receipt of the notice that constitutes an offense. Issuing of a cheque and its dishonor is not an offense. The offense is when…Read more