Financial Institution

Financial Laws Negotiable Instrument Act 1881

[faizaasif]

Very very informative lecture and we understood .This video is best for our understanding.

[syedshaharyardilshad]

Respected Sir, I learned from this informative video about the detailed concept of bearer cheque, order cheque, general crossing, special crossing, and restrictive crossing. Thanks a lot sir for this informative lecture it enables us to learn tricky things of banking laws in an easy manner.
Regards, Shaharyar Dilshad LLM IIIrd semester.

[himatalibaladi]

Assalam O Alaikum I hope you are fine, your lecture as well as style of teaching is so marvelous, when u teach us any thing regarding taxing or another thing concernt with Cheque we get immediately and directly that time,
And in this video I have learn lot of things such likes,

Bearer cheque, General crossing cheque, special crossing cheque and restrictive crossing cheque. As well as how Bearer cheque convert into order cheque.

1.Bearer cheque :- Any body can cash through the bearer cheque, and there Cnic is not mandatory. Through the the bearer cheque he or she can withdraw directly. .

2.Order cheque:- In the order cheque it is mandatory the person to whom the cheque is issued show his original Cnic in the bank. .

3. General Cross cheque:- cross cheque can never be in cashed, by the bank it is only deposited through the deposit slip in any bank account.

4. Special cross cheque:- It is only deposited in the account of the bank which is specifically mentioned in the cheque.

5. Restrictive cheque:- It is only deposited in the particular bank account.
Thank you so much sir

Himat Ali Baladi.
LLm-2020

[sabarjogi]

Dear sir, The way of your teaching is Masha Allah excellence because of pictorial lecture with best examples. we have learnt so many things in this informative lecture. In this video lecture we have got knowledge about following things; like as bearer cheque, How to convert bearer cheque in order cheque, Misused of order cheque, General crossing cheque, special crossing cheque and Restrictive crossing cheque. Mean to say in few minutes of video we have learnt so many things.
By: Muhammad Sabar Jogi LLM-1.

[mansoorchachar]

Dear Sir, I learned from this video the concept about Bearer, Order cheque and general crossing, special crossing and restrictive crossing. Thank you so much Sir, your this special way of presenting technical terms in simplified manner is so awesome. I really enjoy you way of study. Best Regards, Mansoor Chachar LLM-III

[WaseemAbbas-yqug]

Very informative video regarding Cheques and its types. Understood, the Bearer, Order, General.Crossing, Special Crossing, Restrictive Crossing Cheque.
Thank you Sir
Waseem Abbas (LL.M Part-1 2020)

[sumbulfatima]

Your video lectures are worthwhile!
You have an amazing way of breaking things down so that they are understandable, and always keeping it light and fun..
After watching this video I feel pushed to learn more about this subject!
JazakaAllah 🙂
Sumbul fatima
Llm#1

[nizamchandio]

Salam sir Nizamuddin Chandio here, The way of your teaching is highly appriciated and really informative videos regarding cheques.
Bearer cheque
order cheque
Generall cross cheque
special cross cheque and
Restrivctive cheque.
Nizamudddin chandio.LLM-2020semester-1

[bilalfaiz]

Thanks alot for this inform able video

[Touseefrajputadv]

1 : In this lecture it is made clear that whenever there is Bearer cheque, we need go to the bank where a person possesses account who gives us cheque.Banker will only ask for cnic and two signs only for purpose of record.
2: When we received amount from bank this process is call encashed on counter.
3: Beare cheque can be cashed, deposited and converted in order cheque.
4: it is pertinent to mention here that in Order cheque Banker will camper the name written on cheque and CNiC.
5: we may get bearer cheque deposited in any one's account for which we need wait 2 days b/c state bank will make it clear whether a person who issuesd chquqe has sufficient amount.
6: oredr chquqe cam only be deposited in the account fo one whose cnic is written on cheque..
7: Cross cheque can only be deposited. (awara cheque 😀)
7: special crossing means we specify the bank name whem we have account in more than one bank.
8: restrictive crossing, cheque can only be deposited in the account of person whose name is written .

By the way, it is best way to teach. Really, very interesting.
Thank you so much sir..
Touseef Rajput LLM. 1

[abdulwadood]

I understand from this video about Bearer cheque ;
Bank take cnic and 2 sign from receiver for bank record and encashed on counter
Also learned about order cheque that order cheque can be misused through same name of other person, order cheque can be deposite but on thesame person account,
AbdulWadood LLM 1stsemester
Roll no:0279

[rehanashar]

in financial law how many others law which are applicable in that?

[rehanashar]

how many laws are applicable in financial institution?

[njm]

Najam Ud Din Dogar
Seat# 5023
LLM-1 Taxation Law
W Salam Sir.
What is meant by bearer cheque?
Bearer cheque means the cheque which can be recieved by cheque holder (parkash) from the branch where account holder (Amitab) has an account, cheque holder signs two times on the back side of cheque and also submit his Copy Of CNIC for record keeping. It can be cashed by anyone else too, who brings it to the bank. There is an example of Amitab and Parkash in video. Bank does not verify the name written on cheque and CNIC is just kept for record. It can be encashed on counter(this is important word). This is also insecure cheque if misplaced because it can be encashed on counter easily.
Bearer cheque can be converted into order cheque by marking a line over Bearer Cheque written. (order cheque is one of the types of cheques) that is not as much dangerous as bearer cheque. Order cheque can not be encashed on counter unless CNIC matches with the name of the Cheque Holder and bank takes two signs of cheque holder before giving him cash. order Cheque cheque shall be verfied too. It can be misused in rare cases but it becomes safe when you write CNIC number alongwith name because names can be matched but CNIC numbers can not be matched ever.
Both cheques can be depositted but there is little bit difference.
1.Bearer cheque: It can be depositted in any account through The State Bank Clearance.
2. Order Cheque: It can be dipositted but only in account of whose name is written over cheque.
After due process of two he can encash his amount from his own bank account.
Crossing Of Cheques?
There are two cross lines over the corner of cheque . It is an special type of cheque and the bank does not need to see the name on cheque. It can not be cashed on counter but can be depositted. Cross cheque only means to not cash on counter but it can be dangerous.
General Crossing With Bearer Cheque.The General crossing with bearer cheque of Kashif ud Din can be depositted in any account.
Special cross cheque is some how secured, it becomes special cross when my client gives me cross cheque then he writes the name of bank (UBL) between two lines of cross, now i can not depositted into my other(HBL) bank account. It too can not be cashed on counter. In this way it is known as special cross cheque.
Restrictive Crossing means it is only deposited in the account of Ramesh Kumar(Account Holder) alongwith his CNIC number because it is much secure. It is better cheque. This what i understood.

[amjadalidayo]

Great sir, very informative topic. Amjad Ali LL.M-III