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Cheque Bounce |
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This law aims to punish unscrupulous persons who issue cheques they do not really wish to honour. It makes cheque bouncing an offence, which is punishable with imprisonment, with the hope that people would rather pay-up when they issue cheques, rather than serve a jail sentence. Remember a cheque may be returned for any reasons available on the bankers advice, but a criminal complaint that is filed by the receiver of a bounced cheque will survive only if it can be proved that the issuer of the cheque did not have adequate funds in his account. So it is for the receiver of the bounced cheque to prove to the court that the issuer of the bounced cheque did not have the necessary funds in his account to pay against the cheque.
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