WHETHER HOLDER OF CHEQUE CAN INITIATE PROCEEDINGS OF PROSECUTION UNDER SECTION 138 OF NEGOTIABLE INSTRUMENT ACT, 1881 FOR THE SECOND TIME IF HE HAS NOT INITIATED ANY ACTION ON EARLIER CAUSE OF ACTION?

WHETHER HOLDER OF CHEQUE CAN INITIATE PROCEEDINGS OF PROSECUTION UNDER SECTION 138 OF NEGOTIABLE INSTRUMENT ACT, 1881 FOR THE SECOND TIME IF HE HAS NOT INITIATED ANY ACTION ON EARLIER CAUSE OF ACTION? https://www.taxtmi.com/article/detailed?id=1942 The holder/payee may re present a dishonoured cheque and, if the cheque is again dishonoured within its validity period and the statutory conditions precedent are satisfied, choose to institute criminal proceedings; the drawer remains under a continuing obligation to make good the payment and prior non prosecution does not confer immunity. en-us Fri, 09 Nov 2012 17:39:23 +0530 Fri, 09 Nov 2012 17:39:23 +0530 TaxTMI RSS Generator WHETHER HOLDER OF CHEQUE CAN INITIATE PROCEEDINGS OF PROSECUTION UNDER SECTION 138 OF NEGOTIABLE INSTRUMENT ACT, 1881 FOR THE SECOND TIME IF HE HAS NOT INITIATED ANY ACTION ON EARLIER CAUSE OF ACTION? https://www.taxtmi.com/article/detailed?id=1942 The holder/payee may re present a dishonoured cheque and, if the cheque is again dishonoured within its validity period and the statutory conditions precedent are satisfied, choose to institute criminal proceedings; the drawer remains under a continuing obligation to make good the payment and prior non prosecution does not confer immunity. Articles Corporate Laws / IBC / SEBI Fri, 09 Nov 2012 17:39:23 +0530 https://www.taxtmi.com/article/detailed?id=1942