Legal Question in Banking Law in India
Is there any limit on the amount I can pay to third party by means of bearer cheque?
Asked on 1/29/17, 4:38 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
29.01.2017
Dear Sir / Madam,
Presently, there is no limit nor restriction on the amount that you can pay to any third party by issuing a bearer cheque.
Regards,
Answered on 1/29/17, 7:42 am
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