Legal Question in Banking Law in India
Negotiable Instrument Act
If a company receives a cheque which later bounces and if it is filing a case under the NI Act, does an employee need to be nominated to attend court cases etc or will any person authorized by the Board of Directors do?
Asked on 7/07/06, 1:03 am
1 Answer from Attorneys
AKHILESH S DUBEY
AKHILESH DUBEY
Re: Negotiable Instrument Act
Absolutely. You have to nominate a person to attend the court. You can pass a board resolution to that effect. Please also mention in the Complaint u/s 138, that the nominated person is aware of the facts and circumstances related to matter.
Akhilesh S. Dubey
www.akhileshdubey.in
Answered on 7/07/06, 4:18 am
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