To avoid issues related to cheque dishonour in India, it’s essential to take preventive measures and understand the legal and procedural aspects involved.
Ensure Sufficient Funds: Always ensure that your bank account has enough funds to cover the amount of the cheque you issue.
Verify Cheque Details: Verify all details on the cheque, including the amount in words and figures, the date, the correct payee’s name and the matching signatures.
Use Electronic Payments Consider using electronic payment methods like NEFT, RTGS, or digital wallets to minimize the risk of cheque dishonour.
Inform Payee in Advance: If you foresee a problem with the cheque you’ve issued, inform the payee immediately and arrange alternative payment.
Keep Records: Maintain copies of all issued and received cheques, along with related correspondence, as evidence in case of disputes.
Immediate Action on Dishonour: If a cheque bounces, promptly notify the bank to understand the reason for dishonour or alternatively prompt Stop Payment instructions for any dispute.
Legal Notice: The payee should send a legal notice to the drawer within 30 days of the cheque being dishonoured, demanding payment. This is a prerequisite for filing a criminal complaint under Section 138. Cheque Bounce Advisor [CBA] specializes in issuing a valid, proper and requisite legal notice at very nominal costs.
Alternative Dispute Resolution: Consider alternative dispute resolution mechanisms to resolve issues without going to court. Cheque Bounce Advisor’s unique “ODR SYSTEM” helps in recovering dishonoured cheque amount without filing legal cases in Court.
Consult Experts at CBA today: Engage legal professionals at Cheque Bounce Advisor to guide you on best practices and legal actions if you are involved in cheque dishonour cases. CBA 24 x 7 Helpline Number/WhatsApp: +91 9891188400
