Legal Question in Banking Law in India

i work in a concern.there needs to handle cash.so my employer issue bearer cheque in my name.

what is the problem if i encash those cheque ,sigining himself ?


Asked on 3/21/11, 3:20 am

1 Answer from Attorneys
J. Radhakrishnan independent Practice

as long as you get vouchers for handing over the cash received from the bank on bearer cheques issued by your company and relevant entries made in books of accounts, you won't have problem. If proper accounting procedures are not in your company, you may be harassed by your employer if you are not able to satisfy by documentary evidence of the cash received by you is utilized for your employer's purpose

Read more
Answered on 3/21/11, 11:48 am


Related Questions & Answers

More Banking Law questions and answers in India