Kcorp Tax’s Post

Are you aware of the importance of time in cheque bounce cases? ⏳ . When cheque is dishonoured, there is a time limit within which the drawer of cheque should be served a legal notice. ✒ . There is a fixed time within which the aggrieved person has to approach the Court in case payment is not made. 👩⚖️ . Want to know everything in detail? Check the blog below. ✌ ✌ https://lnkd.in/eyMZS4uB

What is a Correction Deed? Have you ever encountered errors in property documents? Even minor mistakes like misspelled names or incorrect property details can lead to legal complications later. This is where a Correction Deed comes to the rescue! It’s a simple yet critical legal tool used to rectify such errors in property-related documents. 📌 How It Works: 1️⃣ Draft the Correction Deed. 2️⃣ Pay nominal stamp duty. 3️⃣ Get it executed by both parties. 4️⃣ Register it at the Sub-Registrar’s office. Example: Correcting an error where the property area is wrongly mentioned as "200 sq ft" instead of "2,000 sq ft." As a finance professional , I’ve seen how timely rectifications can save people from unnecessary legal hassles. Always ensure your documents are accurate, and when in doubt, consult an expert. #RealEstate #LegalDocuments #Finance #Property

DAILY SNIPPETS📄 Day 5 💡 What's Next After Issuing a Legal Notice under Section 138 of the NI Act, 1881? 👉Once you've served a demand notice to the drawer, they have 15 days to settle the payment. 👉If the drawer fails to make the payment within the 15-day window, file a written complaint within 30 days before a Metropolitan Magistrate or Judicial Magistrate as per Section 142(1)(a), (b), (c) of Negotiable Instruments Act, 1881. LEGAL COMPLAINT UNDER SECTION 138 NI ACT: The complaint should be filed in the Court where the cheque was presented for payment or where the payee's bank is located. What are the important clauses to include in the Legal Complaint:    1. Jurisdiction clause : 👉This clause defines about the court’s authority to hear the case and the appropriate venue based on the cause of action. 2. Parties: 👉Tells about the people involved in the case. 3. Cheque Details: 👉 The details of the cheque , such as the cheque number, the date it was issued, the amount, and the bank where it was supposed to be cashed. 4. Presentation of Cheque: 👉This clause tell about the date when the cheque was presented to the bank for payment and confirms that it was returned unpaid. 5. Dishonor of Cheque: 👉This clause explains that the cheque was dishonored by the bank due to insufficient funds or other reasons covered under Section 138. 6. Issuance of Demand Notice: 👉This clause confirms that a legal notice was sent to the person who wrote the cheque, demanding payment. It includes the date the notice was sent and how it was sent (e.g., by mail). 7. Failure to Pay: 👉This clause tells about that even after receiving the notice, the person who wrote the cheque did not pay the amount within the required 15 days. 8. Cause of Action: 👉This clause explains the legal reason for filing the complaint despite after the notice was issued  9. Relief Sought: 👉This clause describes the complaint what they are asking for, usually the amount of the dishonoured cheque plus any additional costs or damages. 10. Verification: 👉The complainant confirms that everything stated in the complaint is true to the best of their knowledge. 11. Prayer for Relief: 👉This is a formal request asking the court to grant the relief sought and summarizes what the complainant wants from the court. 12. Signature and Date: 👉The complainant or their lawyer signs and dates the document to verify its authenticity. 🖥Feel free to contact me if you need any further assistance while drafting any legal documentation.  Email - hasika@symlaw.edu.in

Unpaid Invoices Causing Problems? Let Us Handle It! ⚠️ At Baker Hardman Solicitors, we understand how unpaid invoices can disrupt your business. Our legal team is dedicated to providing expert guidance and ensuring you recover your debts efficiently. 📞 Reach out now: 01772 419 111 🌐 www.bakerhardman.co.uk #Invoice #UnpaidInvoices #LegalHelp #DebtCollection #BusinessFinance #InvoiceManagement #PaymentReminder #FinancialAdvice #LegalAssistance #CashFlow

Is there any time limit for cheque bounce cases? . What happens if the limitation period provided under the law is missed? . Can we not easily get conodnation of delay? . know it all with the help of legal blog here 👇👇 #chequebounce #NIAct #NegotiableInstrumentsAct #Limitationperiod https://lnkd.in/eyMZS4uB

What rights do I have as a beneficiary? Read our latest article in from our Dispute Resolution department to find out more. https://lnkd.in/ep5_JNHR

ATO documents first port of call to contest administration penalties: lawyer: If an SMSF is notified of penalties for contraventions, it's best practice to go straight to the ATO's law administration practice statement on remission, says a legal specialist. https://bit.ly/4cKYxqV

Has the cheque bounced due to insufficient funds? . Are you wondering whether to initiate legal proceedings or give the person another chance? . For either case, a legal notice holds equal importance in Section 138 of NI Act case. . To know more about how to draft a legal notice for cheque bounce, check the link in the comments section 👇👇

Receiving ATO notices can lead to legal action, requiring action for business protection. In our article, we address Director Penalty Notices (DPNs), Garnishee Notices, and Statutory Demands, outlining the necessary steps to mitigate the impact for your client. #ATOnotices #expertadvice #rapseygriffiths