Legal Question in Banking Law in
if a person is a authorised signatory in a partnership firm other than the partners .what is his liability to the cheque issued by him
Asked on 9/05/10, 12:58 pm
4 Answers from Attorneys
BHUPESH NARULA
NARULA&ASSOCIATES;
he is personally liable as he is the signatory to the cheque, if it dishonours
Answered on 9/05/10, 1:09 pm
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
in case he is an employee/authorized signatory, he may not be personally liable and it is the partners of the firm, who would be liable as accused.
Answered on 9/05/10, 11:25 pm
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
if he signs the cheque he may be held liable with the partners.
Answered on 9/06/10, 12:15 am
waquar ahmed
Ahmed & Associates;
the signatory are vicariously liable
Answered on 9/06/10, 12:16 pm
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