Скачать или смотреть What happens when a Cheque Bounces in India ? | Section 138 NI Act Explained | Meaning & Procedure

Cheque bounce is one of the most common financial and legal issues in India, affecting businesses, banks, professionals, and individuals. If a cheque issued by a person gets dishonoured due to “insufficient funds” or “account closed” or "any other reason", it may lead to a criminal offence under Section 138 of the Negotiable Instruments Act, 1881.

In this detailed video, we have explained section 138 of the Negotiable Instruments Act, 1881 and everything you need to know about cheque bounce cases in India — such as key ingredients of section 138, legal notice, penalties and timelines.

Time Stamps:
00:01 - Background
01:40 - Introduction of Dishonour of Cheque
03:23 - Introduction of Section 138 of NI Act
06:03 - Legal provisions under section 138
09:37 - Punishment
10:20 - Timelines
12:38 - Conclusion

✅ Topics Covered in This Video:
1. What is cheque bounce and why it happens?
2. What is Section 138 of the Negotiable Instruments Act?
3. Legal notice and mandatory requirements
4. Time limits for sending notice and filing a case
5. Civil vs criminal action for cheque dishonour
6. Can you go to jail for cheque bounce in India?
7., Best practices to avoid cheque dishonour issues

✅ Queries addressed in this Video:

1. What to do if cheque bounces in India?
2. What is the punishment for cheque bounce under Section 138 NI Act?
3. Can a cheque bounce case be compounded?
4. Is cheque bounce a criminal offence or civil?
5. How long does cheque bounce case take in court?
6. Can police take action in cheque bounce case?
7. What is the limitation period for cheque bounce case?

📘 Legal Insight & Practical Guidance
Whether you are an Advocate, Law student, entrepreneur, business consultant, startup founder, chartered accountant, company secretary, cost and management accountant, business owner or someone who has received a bounced cheque — this video provides you with accurate, actionable and legal insights from an experienced professional.

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📞 Phone: +91-8510805020

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