Amendment to the Central Government Account (Receipts & Payments) Rules, 1983: Period of Validity of Cheque

Amendment to the Central Government Account (Receipts & Payments) Rules, 1983 regarding period of validity of cheque reduced to 3 months for all govt. transactions. Text of CGA's OM F.No.1(1)/2011/TA/248 Dated 23rd April 2013 reproduced below:-

F.No.1(1)/2011/TA/248

Government of India

Ministry of Finance

Department of Expenditure

Controller General of Accounts

Lok Nayak Bhawan

Khan Market, New Delhi

Dated 23rd April, 2013

OFFICE MEMORANDUM

Subject: Amendment to the Central Government Accounts (Receipts and Payments) Rules, 1983

In exercise of the powers conferred by clause (i) of Article 283 of the Constitution, the President hereby makes the following amendment to the Central Government Account (Receipts and Payments) Rules, 1983:

Correction Slip No. 41

Rule 45 Period of validity of a cheque:

The following rule may be substituted for the existing rule:

"The Cheque shall be payable at any time within a period of three months from the date of issue; thus a cheque bearing the 20th January is payable any time upto the 19th April."

Sd/-

(Chandan Mishra Dwivedi)

Dy. Controller General of Accounts

Click here to get Original Order: www.cga.nic.in

 

(Source-CG Emp news)