Company cheque dishonour Karachi?
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I have been practicing law for the past 8 years. During this time, I have noticed that there is a significant rise in the number of cheque dishonour cases in Karachi. These days, it’s a common occurrence to receive a cheque for which you have to wait months or even years to get it cleared. The result of this is that businesses and individuals suffer losses, not just due to the amount lost but also due to the time and effort required to get it resolved. This trend has become so common that it has come to be known as
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Sure, I had a few company cheque dishonour cases with me, and one was very recent. As per my personal experience and honest opinion — 1. A common cause of this problem is incorrect accounting details in your business records. 2. In the case of company cheque dishonour Karachi, there is a chance that the customer was cheated or that the cheque was not received by the bank before it was payable. 3. In my opinion, the following steps can be taken to investigate the reason of the che
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When you send company cheque for settlement of a bill to your client, chances are that you will have to go through two distinct stages. First, you have to transfer the money from one account to another to clear the payable balance. This is called remittance of company cheque. helpful hints And the second stage is cheque clearing. At this stage, the payment will be credited to your account and you will be billed accordingly. But, unfortunately, some companies do not clear cheques and keep demanding payment despite knowing that they have not transferred any amount. I had
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As I mentioned in the previous email, Company cheque dishonour Karachi is a widespread issue, it has become an alarming problem in Karachi that has not been addressed by government, commercial banks or financial institutions. Surely, there are several reasons for this problem: 1. Lack of awareness and ignorance: Many people do not know that cheque dishonour is not just a financial issue but also a social one as it can impact families, friends, and neighborhoods. There is a
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Whenever I go for a client, I take the first thing to do is to ask him about his cheque dishonour case. It is one of the commonest case where we face as a firm, if you are not having the knowledge about company cheque dishonour, do not ask this question. It is the fact that most of the client does not want to reveal the exact details, he thinks he is safe with me, who knows I will be able to give him an honest opinion and make some deductions. If he wants to reveal the actual details
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The word ‘cheque’ has been one of the best terms used to make money for people all over the world. It’s simple and easy to use and it’s a very profitable trade. It is also one of the most important trade in the country. But one of the unfortunate things is cheque can lead to company cheque dishonour. Cheque can lead to money loss or misappropriation. Many times, cheque becomes the cause for legal issues. If any company receives cheque instead of cash for the payment of their
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“Cheque dishonour is a common situation that everyone faces at least once in their lives. Every company has its cheque policy and the s are clear as day. However, cheque dishonour in Karachi is the unfortunate truth of the matter, and the situation remains unchanged even after a decade of development. In this post, we’ll tell you everything you need to know about cheque dishonour in Karachi and how it is addressed.” “We are one of the top law firms in Karachi, and we are
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“No, I am not in any way responsible for the death or injury of the party. If I was, I will go to court for compensation.” And it’s a perfect example of a concise and natural response, even though it’s a simple statement. It highlights that I am not taking on the responsibility for any criminal actions, nor am I involved with the investigation. It’s just a conversation between me and a friend about a serious issue. I know that a statement like this might trigger someone’s emotions, but I try to avoid