If cheque is bounced what to do
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If an NRI experiences a bounced cheque, it's essential to act quickly. First, assess the cause and respond to the legal notice within 15 days, either by settling the amount or providing a defense. Failure to respond can lead to criminal charges under Section 138 of the Negotiable Instruments Act, which may result in fines or imprisonment. Legal advice is crucial to draft an appropriate reply and avoid severe penalties such as damaged credit, restrictions on issuing cheques, or reputational harm.
For more details, visit NRI Legal Services.
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NRI LEGAL
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