banner_ad

bills of exchange

This query is : Open 
Profile Image

Profile Image

(Querist)
17 February 2009 As per negotiable instrument act a bill can be accepted before its due date and also it can be subsequently endorsed without acceptance.My doubt is if the drawer of the bill needs it to be discounted with the bank ,when the bill shall be accepted and such bill can be endorsed or not
Profile Image

CA Nitin Wadhwani

Profile Image

CA Nitin Wadhwani (Expert)
17 February 2009 Bills discounted has been prohibited by reserve bank of India.
Profile Image

amit parihar

Profile Image

amit parihar (Querist)
18 February 2009 then whats the purpose of having bills of exchange, if they are prohibited...
Profile Image

CA Nitin Wadhwani

Profile Image

CA Nitin Wadhwani (Expert)
18 February 2009 "Discounting" of bills of exchange is prohibited.
Bills of exchange are not prohibited
Profile Image

amit parihar

Profile Image

amit parihar (Querist)
19 February 2009
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details