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When should a notice be issued under Section 138?
When should a notice be issued under Section 138 of Negotiable Instruments Act?
What is a section 138 NI Act notice?
How to draft legal notice under Section 138?
Jul 20, 2018 · Learn how to write a legal notice under Section 138 of the Negotiable Instruments Act for cheque bounce. See an example of a notice format, the deadline, and the consequences of non-payment.
Sep 27, 2023 · Learn how to issue a legal notice under Section 138 of the Negotiable Instruments Act for cheque bounce cases. Find out the limitation period, legal action, consequences, and procedure for cheque bounce notice.
Nov 19, 2020 · Download a sample notice format for demanding payment of a dishonoured cheque under Section 138 of the Negotiable Instruments Act, 1881. The notice should be sent within 15 days of the cheque return and should mention the details of the transaction, the amount, the offence and the consequences.
Learn how to send a legal notice to a defaulting debtor who has bounced a cheque under section 138 of Negotiable Instrument Act. Find out the reasons, procedure and conditions for cheque bounce and prosecution.
- As cheque bounce is a Cognizable offence underSection 138 of the Negotiable Instrument Act, 1881 and is punishable with imprisonment for a term whi...
- A cheque bounce notice should contain the things mentioned below: 1. Date , Month and Year. 2. Cheque issuer name 3. Address 4. City, State, Pin...
- According to Section 138 of the Act, the dishonour of cheque is a criminal offence and is punishable by imprisonment up to two years or with moneta...
- Cheque is one the Negotiable Instruments which depicts a ‘promise to pay’ in future. It is useful when a person is incapable of paying a due amount...
- Section 138 of Negotiable Instrument Act governs the Cheque as Cheque is one of the Negotiable Instruments.
- Cheque Return Memo is a memo informing about the Dishonour of a Cheque to the Payee’s Banker first and then to the Payee. When a cheque is dishonou...
- If the payee or a person holding the cheque belives that the cheque, once dishonoured, will be honoured the second time, he can resubmit such chequ...
- Dishonour of Cheque is a Criminal Offence which is punished with fine or imprisonment or both. The monetary penalty for dishonour of cheque may be...
- fter dishonour of cheque, a chance shall be given to the drawer in a form of written notice to immediately repay the cheque amount. You can find th...
- The Cheque Must Have Been Drawn For Discharge of Existing Debt Or Liability.
- Act of Dishonour Is Informed to The Drawer by Notice Within 30 days.
- Presumption, as Under Section 139, with Regard to The Offence Under Section 138
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The legal Notice must elaborate on the existence of a debt or a liability arising out of any transaction between the two parties. It must be stated in a chronological manner as to how the transaction was brought about by the parties and a brief insight into the terms and conditions of transaction with regard to payment and specific performance of t...
The act of dishonour must be communicated to the Drawer, within 30 days of receipt of the dishonoured cheque, through Registered post, under Postal Certificate or Speed Post although such communication i.e. a legal notice can also be sent through post, courier, fax, e-mails etc. The Kerela High court in Ravi v. Kuttappanobserved that the dispatch o...
Section 139 of the Act lays down the principles of presumption with regard to guilt of a person accused of dishonour of cheque under section 138 of the NI Act, 1881. It says that the Presumption as to the reason for the bouncing or return of a cheque shall always be considered to be insufficiency of funds in the bank unless the drawer of such chequ...
Learn the basics of drafting a legal notice for dishonour of cheque under section 138 of the Negotiable Instruments Act, 1881. Find out the ingredients, presumptions, and remedies for the offence of cheque bounce.
hereby serve upon you the following notice of demand under Section 138 of the Negotiable Instrument Act, 1881: a) That my client knows you, the notice, from the last 4-5 years and on that account you had gained the faith and confidence of my client, that you demanded a friendly loan of
Mar 11, 2023 · Learn about the rules, format and importance of a legal notice for cheque bounce under Section 138 of the Negotiable Instruments Act, 1881. Find out how to serve a notice, what to include, and what to avoid in a cheque bounce case.
