Regarding n.i act (urgent)
Nirupom Dutta
(Querist) 14 August 2014
This query is : Resolved
A cheque was issued by a financial company to my client who is an agent of this financial company. The said financial company is a registered company under society registration act .During 2007-08 the said company announced one scheme that if any one invested Rs- 500 they will get the amount double after 5 years and accordingly people through the said agent invested money in said above scheme of the company, now after maturity all the scheme holder authorized the agent to collect the maturity amount from the company on their behalf and as such the chairman of the company by calculating all the matured amount of all the certificate holders issued one cheque of Rs-1,00000.00 on the name of the agent. After presenting the said cheque to bank the cheque was dishonored due to insufficiency of funds. Now the said agent wants to file a complaint u/s 138 of N.I act
My quarry is:-
1. Whether is it possible to file the complaint against the chairman of the company who issue the cheque or against the company?
2. Whether the authorization letter by scheme holders to agent will be enough or a power of attorney is required to be executed in favor of the agent by scheme holders to conduct the suit.
3. Any other relief kindly suggests.
V R SHROFF
(Expert) 15 August 2014
No reply to repeated Query
Sudhir Kumar, Advocate
(Expert) 20 August 2014
repeated
http://www.lawyersclubindia.com/experts/regarding-N-I-act-urgent--490766.asp#.U_SrUKOO5G0