Dishonor of cheque

cheque dishonor

1. Topic : Dishonor of cheque
NAME : BISWAJIT PATRA
CODE : A0084191
TOTAL SLIDE : 07

2. “Cheque is an instrument in writing containing
an unconditional order, addressed to a banker,
sign by the person who has deposited money
with the banker, requiring him to pay on demand
a certain sum of money only to or the order of
certain person or to the bearer of instrument.’
Introduction
NAME : BISWAJIT PATRA
CODE : A0084191
Page No.: 01/07

3. The Negotiable Instruments Act, 1881
makes the dishonor of cheque a criminal
offence.
Section 138 of NIA provides that the
dishonor of the cheques for the reasons
Definition
“A cheque is said to be dishonored when the payment
is not made on its presentment to the Bank.”
NAME : BISWAJIT PATRA
CODE : A0084191
Page No.: 02/07

4. Features
It in regulated under Negotiable instrument Act 1881
Bank cheque five for cheque dishonor
NAME : BISWAJIT PATRA
CODE : A0084191
Page No.: 03/07

5. Importance
For Protects the cheque from being cheated.
Insanity of Customer
NAME : BISWAJIT PATRA
CODE : A0084191
Page No.: 04/07

6. Examples
Mistake in issuing cheque (like date)
Request by Drawer
Insolvency
Court Order
NAME : BISWAJIT PATRA
CODE : A0084191
Page No.: 05/07

7. Advantage
There is a charge on cheque
dishonor so it protect people
from issuing fake insufficient
amount cheque.
NAME : BISWAJIT PATRA
CODE : A0084191
Page No.: 06/07

8. In a nutshell
It is a way to regulate cheque bouncing
NAME : BISWAJIT PATRA
CODE : A0084191
Page No.: 07/07

9. Thank you