Negaotiable Instrument

This query is : Resolved

K Balaji (Querist)
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19 January 2009 A cheque has been crossed as "Not Negotiable A/c Payee". What are the restictions and features of the above cheque. Whether it can be transferred how?

Taxguy

Taxguy (Expert)
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21 January 2009 It can credited only the account of the person mentioned as drwaee.

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