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HOW TO AVOID PUNISHMENT IN CHEQUE BOUNCE CASES?

CHEQUE BOUNCE CASES

Avoiding punishment in cheque bounce cases requires proactive measures and careful financial management. A Bounced Cheque, governed by Section 138 of the Negotiable Instruments Act, can lead to serious legal consequences, including fines and imprisonment. You surely can avoid grave ramifications of Cheque Bounce situations by ensuing steps; Maintaining Sufficient Funds: Ensure your account always … Read more

WHAT ARE DIGITAL CHEQUES? ARE THEY COVERED U/S 138 N.I.ACT?

DIGITAL CHEQUES

Digital cheques, also known as electronic cheques, are a modern evolution of traditional paper cheques. They represent a digital form of the traditional cheque and are used in electronic transactions. Digital Cheques Meaning: Digital cheques are electronic versions of paper cheques. They are used to transfer funds electronically, similar to how paper cheques are used … Read more