When the drawer draws a cheque in favour of the payee, and the bank returns the cheque due to insufficiency of funds, then it is known as dishonour of cheque. Bouncing of the cheque is referred to as dishonour. The reasons for returning the cheque are always stated in a memo which the bank gives along with the cheque.
Any person found guilty of the offence of dishonour of cheque Negotiable Instruments Act, 1881 shall be punished with imprisonment for a term of 2 years or with fine or both.
While drafting a legal notice for cheque bouncing, every ingredient of the offence as mentioned in section 138 must be assimilated within the facts being claimed in the notice. The sender of the notice must incorporate the following steps:
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Definitely yes. We are using high-end technology and SSL certificates to secure data. In addition to this,we are using AWS secured cloud storage together with 256-bit encryption. Further, we are using Paytm as our payment gateway, which is highly secured as per legal standards.
We are using high-end technology and SSL certificates to secure data. In addition to this,we are using AWS secured cloud storage together with 256-bit encryption.