Category: Notice Against Cheque Bounce Explained

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