Letters to the editor

Dec 06 2012, 01:07 IST
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SummaryThe Supreme Court has rightly taken note of cheque dishonouring due to mismatch of signature of drawer with specimen signature available in bank.

Signatures on cheques

The Supreme Court has rightly taken note of cheque dishonouring due to mismatch of signature of drawer with specimen signature available in bank. (The drawer of a cheque was liable for prosecution if the cheque bounced for want of funds.) Signature variation with mala fide intention must be viewed seriously. In most cases, it is possible that the signatures may vary due to ageing of the account holders. In such cases, banks must issue notice to its customers, or if issue of notices to individual customers is not possible, a paper notification and publicity in print and electronic media with standing instructions to customers to come and put signatures in their records once in two or three years must be given.

KV Seetharamaiah

Hassan (Karnataka)

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