Sanjaycase (service) 30 March 2013

Check bounce case timelines

Hi,

I deposited a check in bank which got bounced on 02-March-2013. What is the last date for me to send a notice to the issuer giving him 15 days for payment.

My understanding is I need to send a notice within 30 calander days excluding the check bounce day to the issuer.

I want to understand if I issue a notice on 01 April 2013 via Register AD is that within timelines ?

Also want to confirm that the condition indcates I need to send a notice and not that issuer need to receive the notice within 30 days. Is this correct. Please confirm the actual last date for me to send the notice.

Thanks,

Sandeep

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2 Replies

Advocate Bhartesh goyal (advocate) 31 March 2013

It is mandatory to issue notice to drawer wihin 30 days from the receipt of intimation of cheque return{unpaid} from bank Notice issued by you on 1 st April 2013 is within the limitation period.In your case last date for issuing notice was 1 st april 2013.