negotiable instrument

[Nitin Jain]

Whether we can endorsed a crossed cheque which is marked as '& Co.' between the lines.........thanking You........   

[CA Rachit Agarwal]

In our view, the same is not possible. "Cheque is not be considered as Bill".

AI Summary

Endorsement restrictions on crossed cheque marked & Co. - endorsement not permitted as cheque is not a bill. A crossed cheque annotated '& Co.' between the lines cannot be negotiated by endorsement as if it were a bill; the instrument remains a cheque and endorsement rules for bills do not apply.