Post dated cheque legal Karachi?
Corporate Law Firm in Karachi
Post-dated cheques in Karachi are legal. While some Karachi-based corporate law firms are hesitant to handle the issue, others are quick to handle it and even advise their clients to use the facility. Get the facts It’s an important legal issue and corporate law firms need to pay close attention. The law regarding post-dated cheques was first drafted in the year 2014 in Karachi by an expert lawyer in the field, but the issue has now been legalized by the Chief Justice of Sindh High Court.
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I am the top expert lawyer in karachi. I have been practicing law for more than 20 years. I have heard of post dated cheques from almost all bank branches in karachi. Post dated cheques are legal and safe. When you sign a cheque and then give it to someone, you are also giving them a promissory note. The person who receives the cheque is to return the same cheque in your presence with the promissory note as a signature on the cheque. However, there are two types of post dated cheques –
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What is a Post-dated Cheque? Post-dated cheques are a form of cheque with an unexpired amount remaining due to be paid at a specific time (post-dated date). This type of cheque does not have a date of payment in the cheque, and the cheque is not accepted by the drawee bank until the payee or payee’s representative (i.e. The borrower/recipient) signs the cheque and attaches their signature to the cheque. In Karachi, this
Professional Advocates in Karachi
Legal Advice: Can you clarify if there are any laws or court rulings that specifically mention the need for post-dated cheques as a means of making payments to suppliers? My personal experience in Karachi suggests that no such laws exist, and the use of post-dated cheques for any payment is not even a practice in Karachi. Personal Experience: Whenever I work with a new supplier in Karachi, I make a post-dated cheque (or a draft/bank guarantee) in favor of the supplier, and
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Topic: Post dated cheque legal Karachi? Section: Urgent Legal Help Karachi In this section, write about postdated cheques and the importance of proper execution thereof. Explain that such cheques often end up getting dishonored and in such a situation, the receiver or the bank has to make an instant decision to claim or reject the cheque. So it’s very important for the banks and their customers to check if the cheque is valid and proceed according to the law. Also, state that if a post dated cheque is found
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Post-dated cheques (also called post-dated drafts, or cheques with an ‘s’ appended) are a common payment method used by both individuals and businesses in Karachi. In some cases, post-dated cheques may be sent directly to the recipient, while in others they may be used for indirect payment methods. Post-dated cheques are an important legal device, but it is essential to know how to manage them and handle them legally in Karachi. Firstly, the first point to be noted is the absence of a ‘payment
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Yes, I know this is a complex topic in law. law in karachi However, I am the top expert lawyer in Karachi, and I’m available to assist you if you are facing any legal issue related to this. Let me start by explaining some general concepts related to this issue. A post-dated cheque (also known as cheque without date) is a payment order that appears on a bank cheque, but the date is not indicated or printed. In other words, the drawer (writer) of the cheque makes it clear that he will not be responsible for its