Negotiable Instrument Act- Indorsement
dhiraj
(Querist) 03 August 2009
This query is : Resolved
Want to know that where drawee of crossed cheque is compnay then who can indorse the cheque. As per act, by writing and by putting signature on the back of the cheque, indorsement can be effected. In case of compnay how it can be done, can it be done by merely putting compnay seal on back of the cheque or by putting compnay seal as well as compnay authorized signatory signature.
Jithendra.H.J
(Expert) 09 August 2009
it s great, you know the answer!
the cheque has to be sealed and to be signed by authorized signatory to file complainat under s.138 of NI Act.
if the cheque in not singed by the authorized signatory you to file case alleging cheating
