If a Canadian financial institution inadvertently accepts and processes a cheque before the due date, the cheque writer may ask his or her financial institution to return the amount until the day before the cheque should have been cashed. Section 68 of Indian Stamp Act declares that a person who draws a post dated cheque and the person who presents a post dated cheque for payment will be liable to be fined Rs. The definition of a cheque in Negotiable instrument act as well as in Negotiable Instruments Act is - that a cheque is always made payable on demand.It is not difficult to understand that a post dated cheque is not payable on demand.My friend wrote a check for the ,800, mentioned that he didn’t get paid until Friday, and requested that the construction company deposit the check a day or two after his pay day.
In Brazil, the drawer may seek damages in Justice if their cheque is cashed in before its due date, according to the jurisprudential orientation of the Superior Court of Justice, as per Summary No. Under the clearing rules of the Canadian Payments Association, a post-dated cheque cannot be cashed prior to the date written on it. However all the court rulings missed looking into relevant sections of law.Maria Coder, author of "Investi Date: How to Investigate Your Date," has some tips for dating online, and for protecting yourself in a virtual world where anyone can claim to be anything with little or no verification.She spent seven years writing her book, while working as a journalist.The courts considered under the Negotiable Instruments Act, 1881. In 1998, the Supreme Court ruled that a post-dated cheque is a bill of exchange and does not become payable on demand until the date written on the cheque: If a post dated cheque is a bill of exchange which is not payable on demand how the stamp duty will be calculated on such a bill of exchange.There is no exemption from payment of stamp duty on a bill of exchange if it is a cheque.You can read it from beginning to end, or just skip through the funny parts. As a married person I could barely relate to that stuff anymore!