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If the employer gives a cheque which has bounced, what should one do?
I have been in touch with the bank and the employers for the last five months now.
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Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
If the employer gives a cheque which has bounced, what should one do?
I have been in touch with the bank and the employers for the last five months now.
Community Prime Sponsors
FactoHR.com - Payroll Software with GPS Enabled Attendance, Travel, Performance Management, HRMS.
Talentedge.com "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA.
See, if cheque is dishonored then within 30 days legal/demand notice is to be sent to the person/entity who have issued that cheque to you and if no payment is made within a period of 15 days then you can file a complaint u/s 138 Negotiable Instrument Act within further 30 days. However, you have failed to comply with statutory requirements. It is advised that you again present the cheque before your banker because you said that 5 months havebeen lapsed so you are having 30 days time to present the same through your banker and then comply with all mandatory requirements of demand notice then complaint.
You are having one more option that you can file summary suit on the basis of cheque within proper jurisdiction of concerned civil court.
See, if cheque is dishonored then within 30 days legal/demand notice is to be sent to the person/entity who have issued that cheque to you and if no payment is made within a period of 15 days then you can file a complaint u/s 138 Negotiable Instrument Act within further 30 days. However, you have failed to comply with statutory requirements. It is advised that you again present the cheque before your banker because you said that 5 months havebeen lapsed so you are having 30 days time to present the same through your banker and then comply with all mandatory requirements of demand notice then complaint.
You are having one more option that you can file summary suit on the basis of cheque within proper jurisdiction of concerned civil court.
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