Undated and blank cheques

Querist : Anonymous (Querist) 13 September 2023 This query is : Resolved
Dear team,

Can we take undated or blank cheques for personal loans which is granted by nbfc s to their employess

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Sudhir Kumar, Advocate (Expert) 13 September 2023
vague query

kavksatyanarayana Online

(Expert) 13 September 2023
Your query is not clear.................

T. Kalaiselvan, Advocate (Expert) 14 September 2023
You can obtain security cheques without dates but it should be duly signed by the drawer.

Advocate Bhartesh goyal (Expert) 14 September 2023
Yes, payee can obtain blank and undated cheque for security but it should be duly signed by drawer.

P. Venu (Expert) 30 September 2023
Why do you want to take such cheques? How do you propose to make use of the same in case of default?

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