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CHEQUE STOP PAYMENT RESOLUTION:

THE CIRCUMSTANCES TO STOP THE CHEQUE PAYMENT:

The company may request stop payment on checks for several reasons

  • Incorrect credentials written on cheque such as Wrong amount, wrong date or spelling error etc.
  • Wrong purchase of goods or defective product
  • Lost of cheque or cheque book has been stolen etc

Key-points to be covered in the resolution to cheque stop payment:

  • Date and Place where resolution passed.
  • The Bank name and Branch name.
  • causes to stop payment.
  • cheque number or numbers and issue date

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