Legal Question in Banking Law in India

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16.02.2013

Dear Sir / Madam,

(Alipore, Kolkata, West Bengal)

"Self" is written on a organization cheque in the following instances -

1. Withdrawal of cash for personal use - Drawings.

2. Withdrawal of cash for office use - But ideally here the name of the Cashier is written.

3. Transfer of amount from Company A/c to your personal a/c where the signatory in both the accounts is the same person.

Regards,

FCA Prashant Chavan

Mumbai

(You can also mail me for any further on-line advice at [email protected])

Yes if you are authorised to draw cash by your organisation.