Is is it necessary to give notice of dishonour in case of a cheque?
Archit Rao (Student CA Final ) (24 Points)
25 July 2014Is is it necessary to give notice of dishonour in case of a cheque?
Santhosh Poojary
(SIEMPRE AHÍ PARA TI)
(15607 Points)
Replied 26 July 2014
The requirement of giving of notice is mandatory...
If no notice making a demand for payment is served upon the drawer within 30 days from the date of dishonor of cheque, a complaint is not maintainable unless the complainant satisfies the Court that he had sufficient cause for not making a complaint within such period.
Notice means a notice in writing...
The notice need not necessarily be by registered post only. It can be sent by a telegram, fax or by a letter as well.....!
However it is preferable to send the notice by registered post, as that is clear evidence of service...!
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