Please Help: stale cheque

Posted Date : 04-Jan-2012 , 01:41:35 pm | Posted By Gaurav Kushwaha

what is a time period after which a cheque becomes a stale cheque?To the best of my knowledge it is 6 months,is their any amendment that it has been changed to 3 months now?

Category : Audit | Answers : 1 | Comments : 5 | Hits : 2957

Answers

Answer By: Ketan Samdani

The validity of cheque is now three (3) months.

Comments

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Raman Gulati

04-Jan-2012 , 03:53:06 pm

yes now it is 3 Months

deepanshu goyal

05-Jan-2012 , 12:17:44 pm

AMENDMENT RELATED TO REDUCING TIME LIMIT IS APPLICABLE AFTER 31/03/2012.

PANKAJ BANSAL

06-Jan-2012 , 03:44:55 pm

yes it is 3 months

Hi friend. . The time period for a cheque to become stale is 6 months currently. . The provision for reduce this period of 6 months to 3 months is applicable from 1st april 2012 only. . To make it more clear. . I cheque written in december will be cleared till 31 march 2012 but will be treated as stale from 1st april 2012