Cheque related query

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 June 2014 Dear all,
If I receive a cheque in which no parallel lines are drawn but the cheque is not 'Self' cheque (i.e a name is mentioned).My questions are :-
(a) Can cash withdrawal be possible with this cheque?
(b) can this cheque be drawn by person other than person named in the cheque?

Sandeep Dharar

Sandeep Dharar (Expert)
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16 June 2014 Only the person whose name is mentioned in the cheque can receive the amount mentioned in the cheque, and only through account payee cheque process. So in ur case u have to inform the person who has issued the cheque, regarding the matter.

Guest

Guest (Expert)

16 June 2014 if its not acc payee cheque its surely a bearer cheque now with a name written on it... if it is signed on the back also then by showing id proof of the name written on the cheque u can withdraw money from this....

and until u show id u cant withdraw... so u cant give this to other person as it is not a self cheque dear...

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 June 2014 only that person whose name is written on cheque.
the ans is depends who is the owner

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 June 2014 a cheque with self on it and signed on its back can be encashed by anyone

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 June 2014 nikhil self will be [paid only to the account holder and not to any1....

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 June 2014 no friend...if sign it on back of it..anyone can encash it...if you wanna try..send me self cheque!!!

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 June 2014 i will definetly like ot try but will also take back the encashed money................

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 June 2014 ya ya...dont worry...will return the money...

Neeraj Sharma

Neeraj Sharma (Expert)
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16 June 2014 Agree with tushar sir

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 June 2014 all,

may please refer http://www.thehindubusinessline.in/mentor/2010/09/13/stories/2010091350270700.htm

Sandeep Dharar

Sandeep Dharar (Expert)
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17 June 2014 I agree with nikhil. A self cheque is like a cash itself. Coz, founder of the cheque is the owner, and the founder can encash it by signing on the back side(without any ID proof). And it is also not necessary that he/she put his/her sign. So it is just like cash.

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