Legal Executive Interview Questions and Answers for Freshers

The 138 N.I Act requires certain prerequisites for filing a complaint for dishonour of cheque.

• The cheque must have been issued for a legally enforceable debt or liability.

• The cheque must have been presented to the bank within its validity period.

• The bank must have returned the cheque unpaid due to insufficient funds or other reasons.

• The payee must have given a notice of demand for payment to the drawer within 30 days of receiving the memo of dishonour.

• The drawer must have fai...read more