banner_ad

Cheque issued and not presented

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 December 2019 Very few suppliers cheque issued and not presented before the expiry of validity. We understand from the suppliers that they have not received the cheque and it was lost in transit. Normally , we have the practice of getting Indemnity bond from the supplier with the company seal and signature and issue a fresh cheque.

But some suppliers arguing that cheque was not presented before expiry and fresh cheque to be issued without asking indemnity bond .

We request expert opinion whether issue of cheque without indemnity bond for expired cheque & not received by the company is legally correct and also accounting point of view also
Profile Image

GN Patankar

Profile Image

GN Patankar (Expert)
01 March 2020 Suggest please take letter from vendors as they have not received cheque , give letter to the Bank for stop payment of such instrument and issue fresh cheque.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details