dishonoured of cheque


if the cheque dishonoured with the reasons of signature incomplete/differs
what will we do?
 
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The cheque has been bounced. So please act accordingly under section 138 NI Act.
 
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Lawyer in Hyderabad.Email:ramachary64@gmail.com

A cheque can bounce for several reasons, which include insufficiency of funds, mismatch in signature, stale cheques, post dated cheques or if there are corrections in the cheque without authentication. The bank collects a penalty from the defaulter when a cheque bounces.

The important point here is that when a cheque bounces, it is a criminal offence in India. Therefore under the Negotiable Instruments Act, 1881, the person who had issued the bounced cheque is punishable by heavy fine and jail term also.

 
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