Cheques

Any one knew about this instance of regualtion/law with respect to cheque book issuance.

Thanks in Advance.

if he is not an account holder how can a cheque b issued 2 him???

Bank did not issue a check book to Account Holder, rather Bank issued a check book to someone who is acting as mandate. AS per the descripttion provided above by RBI , if it was understood, banks can not issue check book to a third party ( whoever it is mandate/gpa/poa/loa). In this case Bank issued check book. Was the interpretation correct ? OR any holes in here.

wat u mean by mandate......................he is acting as and on whose behalf.......has he shown any thing 2 prove he is one?

Power of attorney holder can get cheque book of the master.

Power of attotney holder can get cheque book --> yes --> Provided that particular clause is added that POA can get/ request/collect  check book specifically.

 What do you mean by mandate --> Banks these days and in earlier good old days 6/7 years back used that Term as Mandate and now Letter of authority/poa/gpa as per understanding.

In this case ,as RBI guided above, can bank issue a check book using a  request letter instead of cheque requisition slip though there was no given permission to get/request/collect cheque book.

if in the letter no request was made 2 give cheques to the mandate by the bank concerned and on verbal request the cheque was given then its the fault of the bank...it is required by the bank 2 find out by the real client.......as per the section mentioned above by you it clearly says that the party or a/c holder shuld cum to the bank to collect the cheque books in case of requisition letter.......

it will b difficult 4 the bank to put the blaim on the a/c holder if there is no request has been made in the letter 4 issuing fresh cheque books........