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When the cheque is presented to the bank for payment, and it bounces, the bank will return the check along with a return memo stating the reason for the return. Where the bank rejects the cheque due to insufficient funds, then notice can be issued to the drawer, and legal action can be taken against him.When the cheque bounces due to insufficient funds and is returned by the bank, the payee should send a legal notice to the drawer of the cheque asking to make the payment. Cheque bounce is an offence under Section 138 of the Negotiable Instruments Act, 1881 in India.
(1) Information regarding the cheque presentation.
(2) It must be in reference to Section 138 of the Negotiable Instruments Act.
(3) Reason for non-realization of payment.
(4) Information regarding the request made to the cheque issuer to make payment on an immediate
(5) A notice must be presented within 30 days of return of cheque to the cheque issuer
(1) Within the period of 30 days, demand notice is sent. On receiving demand notice, the drawer has to make payment within 15 days.
(2) The cheque bounce notice is sent by the registered post as to create the proof of the notice sent.
(3) In case of payment is not received within 15 days then payee can file a complaint before a magistrate within 30 days.
(4) A complaint has to be filed in such a state where the bank is situated.
(1) What is Cheque Bounce Notice?
(2) How can i get bail in section 138?
(3) How can i recover my money from cheque bounce case?
(4) Who can send notice under 138?
(5) How do i write a cheque bonus notice?
