Employee being signatory of a cheque

pkm (Querist) 15 April 2013 This query is : Resolved
If a employee of the company being a signatory of the cheque is liable under section 141(2) of the N.I.Act being a drawer of the cheque in India (in other country he is not liable)then why he is also liable being a signatory if he misappropriate the company funds through cheque?

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Guest (Expert) 15 April 2013
It is useless to discuss an academic query without description of the real problem. Moreover, you should be aware of the fact that Indian laws are not bound to be governed by the laws of other countries.

Sudhir Kumar, Advocate (Expert) 15 April 2013
you are mixing facts without disclosing.

Raj Kumar Makkad (Expert) 16 April 2013
We are here to define what law defines and not for what law ought to be. Discuss your problem with the framers of law.

V R SHROFF (Expert) 16 April 2013
u can ask parliament. who make laws. We have to go as per law.

ajay sethi (Expert) 16 April 2013
academic query

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