Company cheque bounce
Hi
Can someone give me advice. Here is my problem
I use to work in company as director whose MD stays in USA. I use to work on his instructions regarding the payments to parties.
My company has taken hand loan in Dec 2010 from some individual through chq on companies name and as per instructions of MD i have signed Chq and give them without writing date on the chq. I have stopped going to office from Feb 2011 and not aware of day to day activities of the company.
Company did not repay the payment and the chq got bounced in sep 2011 and they issued legal notice to old office address. I have not received any notice. I have officially resigned from company in Jan 2012. After submitting resignation letter i got summons from court to attend regarding the chq bounce.
Now the problem is i am liable for the chq bounce because i have acted as per MD’s instruction.
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