17 April 2009
If the refund cheque has became out of date and the cheque was returned by the bank in courier but cheque was lost during transit what is the procedure for getting another duplicate cheque
17 April 2009
The payee of the cheque has to approach the cheque issuing authority i.e. ITO and apply for a duplicate cheque explaining the circumstances under which the original cheque was lost or misplaced. After satisfying himself, the drawer may issue a letter to the payee bank requesting it to record STOP payment against the lost cheque(if required). The bank thereafter checks whether the cheque is already paid. If not paid, it records 'STOP PAYMENT' order till the expiry of the validity of the cheque and a 'NON PAYMENT CERTIFICATE' is issued.