According to the Court, this authorised signatory is not a “drawer” of the check under the Negotiable Instruments Act and cannot be ordered to pay the plaintiff interim damages. According to a recent ruling by the Bombay High Court, a person who is authorised by a business to sign checks on that business’ behalf is …

Authorized signatory cannot be ordered to make a partial payment as payment for cheque dishonour: Bombay High Court Read More »

The government has changed the rules of the anti-money laundering law to make it mandatory for banks and other financial institutions to record the financial transactions of people who are politically exposed (PEP).