Cheque Bounce in Mumbai
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Last published Sat, Nov 5, 2016
What are the procedures in Cheque bounce in Mumbai?
Cheques are used in almost all transactions such as repayment of bill, salary etc. there is a possibility of getting cheque bounced. Cheque bounce in Mumbai, if cheque get dishonoured the drawee bank immediately sent a Cheque Return memo to the banker to the payee mentions the reasons of non-payment. The payee can re submit the cheque with three months of date. If cheque issuer makes falls in payment then the payee has the right to prosecute the drawer legally.
Cheque Rebound in Mumbai considers being criminal offence. According to Section 138 of the Act, the dishonour of cheque is a criminal offence and it is punishable by imprisonment up to two years or with monetary penalty or with both. For more about the cheque bounce in India click here http://www.pathlegal.in/ChequeBounce/Mumbai/
Pathlegal is one of the famous legal website provides the lawyers directory. Where there are many lawyers expertise in cheque bounce related matters. Click here for more details regarding the cheque bounce in India
http://www.pathlegal.in/ChequeBounce/India/
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