liability for cheque bouncing after my resignation from directorship

968 votes

You are not liable under Section 138 of the Negotiable Instruments Act if those cheques were not issued by you while being the director of the company. Your responsibility for future transactions of the company ends the very day you resigned unless contrary.

Advocate Bidit Kumar Deka LawRato

742 votes

It means you have signed the without filling the date. If it is so then this will be only your defense. Because cheque can be presented in only with in 30 days. But as far as litigation is concerned u may accused in case. But if u get legal notice for payment Please reply to that legal notice with help of advocate Who is experienced in such cases. For help u may call me

Advocate Avdesh Chaudhary LawRato

636 votes

Hi, If you are sure its not your sign you need not to worry. But all it depends on your defense. It's advisable to visit a lawyer without wasting time. You may also contact my office for further proceedings.

Advocate Hitesh Jain LawRato

890 votes

If you were director at the time when the cheque was issued and you were authorised to sign the same the you will also be liable under section 138. If you are made accused in the petition than in your defence you can prove that your signatures were misused or forged. If the cheques were issued after your resignation than you will not be liable. Rest depends on facts and circumstances of the case.

Advocate Pranav Dilavari LawRato

721 votes

Dear Manish,
As you have resigned from the post of directorship 6 months back so you were not authorized signatory when dishonoured cheques were issued nd ur signatures are forged. With these facts no liability lie against you, and you can make complaint for against them for forging your signature.

Advocate Nitesh Singh LawRato