Notice under Section 138 for cheque bounce
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 April 2010
I have received a cheque for final settlement from my tenant against the pending rental dues. However, the cheque got bounced for reason "ACCOUNT CLOSED". The tenant is also not vacating, but instead filed a civil suit for injunction against forcible eviction. I tried to book him under section 420 of IPC for issuing a invalid. I want to know what is the time limit for issuing notice u/s 138 for cheque bounce. Some say it is 15 days, while some say it is 30 days.
kartik_somu
(Expert)
16 April 2010
it is thrity days, increased from 15 days w.e.f 6-2-2003
CA Ashok Kumar Sahu
(Expert)
17 April 2010
yes, 30days notice require
CA Ravi Sisodia
(Expert)
17 April 2010
yes 30 days
Mallesh Reddy A
(Expert)
26 July 2013
30 days from the date of receiving intimation from bank.
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