or on one occasion if such cheque, warrant or order is returned to the Company undelivered, the Company shall not be obliged to send any dividends or other moneys payable in respect of that share due to that person until he notifies the Company of an address to be used for the purpose....
Thechequeis just like a paper leaf, containing an order to the bank to pay the specified amount to the person whose name is stated on it. However, there is always a risk of dishonour of a cheque due to various reason, for which many entities prefer demand draft instead, as the payment...