Cheque bouncing reason

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2013 Dear all,

If a cheque bounced with a reason saying that "Drawer's signature not as per mandate", can eligible for legal proceedings on the party who issued cheque ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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26 August 2013 it is signed signature not as per authorised signature list with bank

Querist : Anonymous

Querist : Anonymous (Querist)

28 August 2013 Yes it is signed, signature also will match; but the party didn't instructed bank that, the cheque has to pass with particular signature presently on the cheque. So it got bounced with reason saying that "drawer's signature not as per mandate"

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