NON-CTS CHEQUES WILL BE OUT OF CIRCULATION FROM 31-12-2012-RESERVE BANK OF INDIA DO YOU HAVE POST DATED NON - CTS CHEQUES? GET NEW CHEQUES OR REPLACE!!!! The Reserve Bank today asked non- banking financial companies (NBFCs) to replace post-dated cheques issued to them by customers with new standardised cheques with improved security features. NBFCs accept post-dated … Continue reading NON – CTS CHEQUES/CHEQUE HOLDERS- REPLACE IT -NON-CTS CHEQUES WILL BE OUT OF CIRCULATION
WATCH OUT!!! BUYING A PROPERTY? THE PROPERTY HAS BEEN SELECTED/CHOSEN!!!! NOW THE NEGOTIATION REGARDING THE PRICE BEGINS!!!!!!! BOTH BUYER AND SELLER MUTUALLY AGREE FOR THE SALE PRICE & DURATION TO COMPLETE THE SALE TRANSACTION !!!!!!!!!!!!!!!!!!!!!! THE NEXT STAGE IS SET!!!!!!!!!!!!!! THE SELLERS NORMALLY DEMANDS EARNEST MONEY DEPOSIT/ADVANCE/SECURITY DEPOSIT, TO HAND OVER THE COPIES OF THE … Continue reading WATCH OUT- BEFORE PAYING THE ADVANCE TOWARDS THE PURCHASE OF PROPERTIES
The Supreme Court has suggested that the Negotiable Instruments Act, 1881, could be amended so that a convict in a cheque bounce case is made to pay a fine from which the complainant can be paid compensation. ”One other solution is a further amendment to the act so that in all cases where there is … Continue reading CHEQUE BOUNCE CASE – APEX COURT SUGGESTS FINE!
Delhi court has sentenced a businessman to six months in jail and imposed a fine of Rs 3 lakh on him, saying no leniency is called for in such cases. Metropolitan Magistrate Vishal Pahuja jailed Delhi-based cloth merchant Ravinder Kumar, rejecting his plea for release on probation after payment of fine, saying that cheque bouncing … Continue reading CHEQUE BOUNCE CASE- DELHI COURT SENTENSES THE ISSUER FOR 6 MONTHS JAIL TERM