Legal Question in Banking Law in India
What is the fine for cheque bounce?
Does a cheque bounce fall under sec. 138?
How to register the complain in court for the same?
Asked on 3/21/11, 12:30 am
3 Answers from Attorneys
Sanjay Kalra
Sanjay Kalra & Associates
Double the amount of cheque or 2 years imprisonment or both is the punishment.Yes in criminal proceeding. Send a mandatory notice before filing the complaint with in the stipulated period.
Answered on 3/21/11, 1:26 am
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
1) it can be twice the amount of chq and /or imprisonment upto 2 years
2) Yes
3) Contact a lawyer with full facts of your case.
Answered on 3/21/11, 1:32 am
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
a notice needs to be sent within one month of bouncing of cheque and a complaint needs to be lodged within 45 days of the other party receiving the notice.
Answered on 5/02/11, 11:34 pm
Related Questions & Answers
-
I gave a security cheque to the party, and then he put the cheque on clearing... Asked 3/21/11, 12:30 am in India Banking Law
-
Dear Law Guru Namaskar I am Dr P Singh, an NRI presently living in U.A. E. and my... Asked 3/20/11, 10:55 pm in India Banking Law
-
I have received cheque bounce in last month. please guide me how to receive amount... Asked 3/20/11, 7:59 pm in India Banking Law
-
Can a bank attach the property of guarantor which is not actually pledged to the... Asked 3/19/11, 4:48 am in India Banking Law
-
A corporate co has taken blank pre signed cheques and have filed a 138 case Asked 3/18/11, 6:20 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
