Dear Friends,
It may kindly be noted by the advocate colleagues who are filing NI cases that from 1st April,2012 onwards, the cheques validity is changed from 6 months to 3 months. It is applicable to Cheques/Drafts/Pay Orders/Banker’s Cheques. Concerned notification of the RBI is enclosed herewith. This is for information.
adv. rajeev ( rajoo ) (practicing advocate) 05 November 2011
Thanks for the vital information.
madhu mittal (director) 05 November 2011
thanks a lot for this very very imporatant circular, so early.
pratik (self working) 06 November 2011
thanks a lot jurist.
N.K.Assumi (Advocate) 06 November 2011
Thank you for such an important information.
madhu mittal (director) 14 November 2011
Sir,
when there is no balance in the a/c of a drawer of a cheque and at the same time the drawer also gave the stop payment instructions to the bank. Now I want to know whether the bank should give reason for both i.e. stop payment or insufficient fund or only one of them . what is the RBI guidelines on the subject, is there any notifications or rule, please let me know with copy. I will be thankful.
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