In simple words, a cheque is an order to a bank to pay a particular sum of money from the account of the issuer of the cheque, written on a specifically printed form. The issuer of the cheque is ...

Bounced cheques can lead to legal action under Section 138. You get 15 days to pay after receiving a legal notice. Ignoring a bounced cheque can result in court cases or fines. Did our AI summary help ...