w.e.f. 01.04.2012 - Commercial Banks will not make payment of cheques/drafts/pay orders/banker's cheques if presented beyond the period of three (3) months from the date on such instrument.
i.e., The validity period of negotiable instruments is reduced from 6 months to 3 months, w.e.f. 01.04.2012.
"Loved reading this piece by Basavaraj ?
Join LAWyersClubIndia's network for daily News Updates, Judgment Summaries, Articles, Forum Threads, Online Law Courses, and MUCH MORE!!"
Join LAWyersClubIndia's network for daily News Updates, Judgment Summaries, Articles, Forum Threads, Online Law Courses, and MUCH MORE!!"
Tags : Corporate Law
Views 8445 Report
