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 Threads
- Small transporter ITR Filing
- Filling ITR after death
- Which ITR for STCG and professional income
- Does ca inter have negative marking
- Best CA Inter classes
- Sale of Private Limited Company
- Is PPF interest Taxabl;e in NEW tax regime??
- Income Tax filing returns
- Pan Card - Change of record
- IND AS 116 / IFRS 16: The standard that changed th
Related Threads
CAclubindia
