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mannu (1/2 CA)     12 May 2012

Urgent

when a cheque is bounce...!! then what is time limit for issuing legal notice to party??tell me what is usally done in practical life.. if cheque of debtor bounch on 1.april2012...can i send legal notice from lawyer toay??



 3 Replies

Joey Tribbiani

Joey Tribbiani (fdg)     12 May 2012

limitation act specifies the limit to be 3 years 

deepak

deepak (Practicing Chartered Accountant)     12 May 2012

Mannu,

You can fsend the notice now. else you can resubmit the check and get it bounced again and then send the notice

CA  SURENDRA  KUMAR  RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Practising CA at Surat)     02 August 2012

Now-a-days; a cheque is valid for 3 months from the date when it was issued. 

.

In your case; now you can't deposit it again into your bank. 

.

A dishonoured cheque must be NOTARISED within 15 days of its return. 

.

 


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