Negotiable instrument act

BHARTI KOTHARI (Querist) 16 July 2020 This query is : Resolved
Is notice is mandatory for all parteners under N.I ACT in case of dishonour of cheque of partenership firm ?

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When a cheque issued by a partnership firm is dishonoured, the notice requirements under the Negotiable Instruments Act primarily focus on the firm itself. While notice to the signing partner is essential, it's generally not mandatory to serve individual notices to all partners, unless they also signed the cheque. Failure to provide proper notice can impact prosecution proceedings against the firm.

Rajendra K Goyal (Expert) 16 July 2020
If the cheque was drawn on behalf of partnership firm, notice to partnership firm necessary, no necessity to be given to all partners.

Hemant Agarwal (Expert) 16 July 2020
1. 136 r/w 141 Notice MUST be given as follows:
a) to Name of Partnership Firm
b) to Name of Partner/s who signed on Cheque

2. IF above is not given, THEN only Firm cannot be prosecuted.

Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com

kavksatyanarayana (Expert) 16 July 2020
as per me, not for partners, only for Partnership Firm.

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Dr J C Vashista (Expert) 17 July 2020
All partners including signitary of dishonoured cheque has to be issued with demand notice.

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SHIRISH PAWAR, 7738990900 (Expert) 17 July 2020
Hello,

You have to issue notice to partnership company and to all the partners of company.

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Rajendra K Goyal (Expert) 18 July 2020
Agree with the expert Hemant Agarwal, notice to signing partner need to be given with partnership firm, may not be given to to all partners.

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