nirmal singh taragi (advocate) 02 October 2014

138 ni act regarding cheque validity

sir from 1 april 2013 cheques validity period is 3 months. but 138 ni acts says cheque should presented with in period of 6 months or its validity which is earlier. my question is is there any changes in NI act regarding 6 months to 3 months. and cheque validity means what

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V M DAHAKE (PROPRIETOR) 02 October 2014

Whichever earlier means 3 months now. The earlier word makes change in NIA redundant. Amendment will be required if only RBI exceeds period above six months. Cheque validity means period from the date of cheque, during which cheque is good for payment.

G. Y. Sharma (Advocate) 26 October 2014

Dear Nirmal Singh Taragi, Please understand the very language of the statute with reference to the amendment. "cheque should be presented within a period of 6 months or its validity whichever is earlier" means and includes the period of 3 months but not 6 months. Hope you got it. Truly Yours, GY SHARMA ADVOCATE HANUMAKONDA WARANGAL DISTRICT THE STATE OF TELANGANA Mobi: 98 493 45 755