I am a working professional in banking sector.
My bank deals with a corporate account of an institution in the name " Finance Officer, XYZ University".
Since the institution receives cheques/drafts from different colleges accross the state, we frequently encounter cheques/drafts in clearing by the name "Vitta Adhikari, XYZ University" or " Financial Officer , XYZ University", or "Bitt Adhikari, XYZ University" or the similar ones depicting the same meaning.
Upto what extent we can accept such kind of instruments or is it right to process these cheques or not.
Can we take a mandate from the university finance officer and process the cheques/drafts ?
