AISA KYON HOTA HAI

[AGMSBLCKNL]

 

AISA KYON HOTA HAI

16.12.2009

A Cheque payable to a firm may not be accepted for credit to the private account of a Partner without consent of the other Parties.

 

R. I)To avoid conversion of funds by a partner and to avoid any liability due to our negligence. 

 

AISA KYON HOTA HAI

17.12.2009

 

A bearer draft is not issued.

 

 

R.  Issuance of bearer drafts by banks is prohibited by Sec.31 of RBI Act. It tantamount to issuance of currency, which is vested with RBI only. Infringement is an offence punishable under section 55 of RBI Act.

 

 

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