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{Balu manikantan} SUBRAMANYAM (Practising Advocate)     15 September 2016

Calculation of time in cheque bounce case

1. when does the notice time starts to issue notice whether is it thirty days from the date of receipt of cheque or        from the date of cheque biunce.

2. when a cheque is represented does the notice time again starts as usual.



Learning

 5 Replies

kalyan singh Ex public Prosecu (advocate)     16 September 2016

1.The notice needs to be sent within 30 days of the receipt of the memo from the bank stating the reason of dishonour of cheque.

2.yes the notice period again restarts If the cheque is again represented in the bank within its validity 

saravanan s (legal advisor)     16 September 2016

dont allow the cheque to expire as the validity of cheque is only three months from the date of issuing the cheque.if it crosses three months then you wont be able to file cheque bounce case over the issuer of the cheque

Nitish Banka (lawyer)     16 September 2016

You need to issue legal notice for demand of money at first and it should be done within 15 days of its bouncing, you may mail me the details if you wish to send the legal notice now at nitish@lexspeak.in

Warm Regards,

Advocate Nitish Banka

9891549997

Sachin (N.A)     16 September 2016

Agreed with Adv Nitish banka

Dr J C Vashista (Advocate)     17 September 2016

I disagree with Advocate Nitish Banka, agree with Mr. Kalyan Singh.

After amendment in NI Act, 1881 (since August 2002) it is 30 days from the date of memo of dishonour of cheque issued by your banker.

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