Hi
I am working as administrator in a corporate office. In our company there are four authorised signatories and mandatory given to bank is any two should sign the cheque whatever the amount may be. Out of four i am one of the authorised signatory Now the problem is i have signed a cheque of Rs.9.00lakhs which has bounced due to insufficient funds.
Here I want to know who is responsible when the cheque bounces. In any circumstances whether i am responsible because signature is mine
Awaiting for your valued reply
Deepthi
I am working as administrator in a corporate office. In our company there are four authorised signatories and mandatory given to bank is any two should sign the cheque whatever the amount may be. Out of four i am one of the authorised signatory Now the problem is i have signed a cheque of Rs.9.00lakhs which has bounced due to insufficient funds.
Here I want to know who is responsible when the cheque bounces. In any circumstances whether i am responsible because signature is mine
Awaiting for your valued reply
Deepthi