Save my name, email, and website in this browser for the next time I comment. Notice: It seems you have Javascript disabled in your Browser. In order to submit a comment to this post, please write this code along with your comment: aa0f69d6dc17da8fca47fd7c.
Sign in Join. Sign in. Forgot your password? Create an account. Sign up. Table Of Contents. Tags Negotiable instrument.
Facebook Twitter. Please do not enter any spam link in the comment box. Social Plugin. Popular Posts. October 28, Use precise geolocation data.
Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. A crossed check is any check that is crossed with two parallel lines, either across the whole check or through the top left-hand corner of the check.
This double-line notation signifies that the check may only be deposited directly into a bank account. Therefore, such checks cannot be immediately cashed by a bank or by any other credit institution. According to section of the Negotiable instruments Act,. Implications of Special Crossing — The bank pays the banker with his name between the crossing lines. There are also substantial differences between the special and general crossing of cheques.
The special crossing of a cheque indicates that the paying banker must only honour the cheque if it is presented to him by the bank mentioned at the crossing. No other person can receive the cheque. Section of The Negotiable Instruments Act, It has often been observed that both non- negotiable crossing and crossing of accounts payee help to ensure that cheques are extremely secure.
In accordance with Sec. This was also laid down in Sec.
0コメント