Section 20 of the negotiable instruments act
Rajinder Singh Bhalla
(Querist) 17 March 2015
This query is : Resolved
Is not applicable in case of blank cheques given without writing a date across it.
If the proper stamp duty is paid - is fulfilled only if date is put on the cheque and it is current dated - since a cheque can not be issued which is not payable on demand as per definition of cheque.
There is stamp duty on bill of exchange which are not payable on demand.
Stamp duty will be evaded if cheque is made payable in future.
SAINATH DEVALLA
(Expert) 17 March 2015
What do U actually require Sir,U have posted many queries today regarding NI Act
Devajyoti Barman
(Expert) 17 March 2015
who are and how are related to those queries?/
Anirudh
(Expert) 17 March 2015
You are right Sec.20 has no application to cheques.