Encashment of negotiable instruments requires prompt realisation and credit of net proceeds to a separate enforcement account. Encashment of drafts, cheques and other instruments requires prompt realisation by the Reserve Bank of India or an authorised person. The realised ... Summary
Encashment of negotiable instruments requires prompt realisation and credit of net proceeds to a separate enforcement account.
Encashment of drafts, cheques and other instruments requires prompt realisation by the Reserve Bank of India or an authorised person. The realised proceeds, after deduction of commission and expenses incurred for encashment, must be credited to a separate account in the name of the Directorate of Enforcement.
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