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CHEQUE BOUNCE

Dishonour of a cheque is said to occur when it is returned by the Bank due to insufficiency of funds. When a cheque presented to the Bank is returned to the payee through his own Bank along with a “Cheque Return Memo” issued by the drawee Bank. There are several ...
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As per its legal definitions under Section 6 of the Negotiable Instruments Act, 1881, a cheque is a “bill of exchange drawn on a specified banker and not expressed to be payable otherwise on demand and it includes the electronic image of the...
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