cheque
This query is : Resolved
25 October 2009
if the cheque is crossed & it is written under the crossed line not neogitable or any bank name is written than what does it mean & it has been written what is the purpose and the benefit derived by the cheque issuer and the cheque giver and the disbenefit .
as per which section & law with a suitable example please.
as per which section & law with a suitable example please.
25 October 2009
If the cheque is crossed and written as not negotiable the holder of the cheque has to compulsorily deposit in his account only and cannot transfer the same by endorsement.
If the cheque is crossed and bank name is mentioned then the cheque is to be deposited by the holder in that bank only and cannot be deposited else where. This will be done when a loan has been taken by him from the bank where his employer is also having the account.
If the cheque is crossed and bank name is mentioned then the cheque is to be deposited by the holder in that bank only and cannot be deposited else where. This will be done when a loan has been taken by him from the bank where his employer is also having the account.
25 October 2009
I am agree with Mr.B.Srinivas.For reference you can approach to Negotiable Instrument Act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
