Hi
I am working as administrator in a corporate office. In our company there are four authorised signatories and mandatory given to bank is any two should sign the cheque whatever the amount may be. Out of four i am one of the authorised signatory Now the problem is i have signed a cheque of Rs.9.00lakhs which has bounced due to insufficient funds.
Here I want to know who is responsible when the cheque bounces. In any circumstances whether i am responsible because signature is mine
Awaiting for your valued reply
Deepthi
From India, Hyderabad
I am working as administrator in a corporate office. In our company there are four authorised signatories and mandatory given to bank is any two should sign the cheque whatever the amount may be. Out of four i am one of the authorised signatory Now the problem is i have signed a cheque of Rs.9.00lakhs which has bounced due to insufficient funds.
Here I want to know who is responsible when the cheque bounces. In any circumstances whether i am responsible because signature is mine
Awaiting for your valued reply
Deepthi
From India, Hyderabad
DONT WORRY
NOTHING WILL HAPPEN,, DONT TAKE TENSION,,,
JUST CALL UP THE BANK AUTHORITIES, OTHER PARTY,
AND IF THEY KNOW U, THEN ITS TOO GOOD,,,
THEY WILL HANDLE THE SITUATION,,,
THIS SITUATION HAS ARISEN IN OUR COMPANIES SOME TIMES AND OUR ACCOUNTS GUY KNOWS HOW TO HANDLE IT :P :P
BUT BE CAREFUL NEXT TIME< AND DOUBLE CHECK BALANCE BEFORE ISSUING CHECK>
From India, Pune
7NOTHING WILL HAPPEN,, DONT TAKE TENSION,,,
JUST CALL UP THE BANK AUTHORITIES, OTHER PARTY,
AND IF THEY KNOW U, THEN ITS TOO GOOD,,,
THEY WILL HANDLE THE SITUATION,,,
THIS SITUATION HAS ARISEN IN OUR COMPANIES SOME TIMES AND OUR ACCOUNTS GUY KNOWS HOW TO HANDLE IT :P :P
BUT BE CAREFUL NEXT TIME< AND DOUBLE CHECK BALANCE BEFORE ISSUING CHECK>
From India, Pune
IF U DONT BELEIVE ME,,,
BE READy,,,
THE POLICE VANS WOULD COME SOON, and YOU WILL BE BEHIND THE BARS<,, eeeeks ,,, just think how it would be to be in JAIL,,
and the POLICE ASKING U QUESTIONS .... with torch light,,
EEEKSS
they may come at any time.... and then ur long trips to court will start...
----------
:oops: :oops: :oops: :oops: HEY IM SORRY,,
dont worry yaar, contact ur finance dept and ask them to handle this case, speak with the BRANCH MGR OF the BANK,, ,and explain him the situation..
From India, Pune
BE READy,,,
THE POLICE VANS WOULD COME SOON, and YOU WILL BE BEHIND THE BARS<,, eeeeks ,,, just think how it would be to be in JAIL,,
and the POLICE ASKING U QUESTIONS .... with torch light,,
EEEKSS
they may come at any time.... and then ur long trips to court will start...
----------
:oops: :oops: :oops: :oops: HEY IM SORRY,,
dont worry yaar, contact ur finance dept and ask them to handle this case, speak with the BRANCH MGR OF the BANK,, ,and explain him the situation..
From India, Pune
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