Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Ratnadeep Boruah   08 September 2020

Signature to execute legal or bank documents

One person signs or put initial to withdraw money from bank account as per bank specimen signature. He now availed a loan from that bank itself, now my question is whether he will put the short signature or initial as per bank record or will sign full signature to execute the documents. Whether short signatures or just initials are admissible in the law of court.


Learning

 2 Replies

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108)     08 September 2020

1. Short signature or Initial signatures are a humbug and there is no such thing, under the Law.  Signature should remain static & fixed, for all legal & stautory purposes, without any exceptions.  Bank will allow and follow /match only those signatures which is on record. 

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

Advocate Bhartesh goyal (advocate)     08 September 2020

Person has to sign as per bank record.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register