Menu
Bills of Exchange
What is meant by the statement " Bills of Exchange cannot be made payable to bearer on demand"?
Replies (3)
for better understading of your query refer diffence between "BILLS OF EXCHANGE AND CHEQUE".
BOE is a time bound document, it is payable on maturity date (+3).
It means, while issuing BOE the payee name must be mentioned and cannot be left blank, it is not like 'Cheque'.
And payee must be a definite person.
Recent Topics :
- LTCG on property sale
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
- TDS on salary paid in cash
- YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
- Last Date To Fill ITR For Non-Audit Case
- Guidance Required on Filing Fresh Registration und
- IT Return Refund Status AY 2026-27
- Clarification Regarding Income Tax Demand Notice
Related Topics :
CAclubindia
