According to the Official release, “the cabinet has given its approval for the proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015”. Thereby, Cabinet approved an ordinance to amend the…
The validity period of cheques/ DDs reduced from 6 months to 3 months. This will be effective 1.4.2012. For further information Copy of the RBI Circulation has been given below…
Brief Facts: As per the said contract, Contractors deposited the sum of Rs. 10 lacs by undated cheque no.027840 drawn against South Indian Bank Ltd., Palarivattom Branch, Cochin branch with…
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