Are you the Authorised Signatory of your company? What if the cheque you signed bounces? Have you ever wondered if you will be held liable or not? The Bombay High Court came to the rescue of authorised signatories in a case...
Tag - cheque
Introduction: Drawing of a cheque constitutes a commitment to honour the cheque. The very foundation of the banking system rests upon the assurance that this commitment shall be fulfilled. Thus, the failure to do so violates...