For the purpose of attracting the provisions of Section 138 of the Negotiable Instruments Act, a cheque…
Under the proviso to s.138 NI Act, a cheque must be presented to the bank within six months from the date it is drawn or within its period of validity, whichever is earlier,…
Choose your answer
For the purpose of attracting the provisions of Section 138 of the Negotiable Instruments Act, a cheque has to be presented to the bank :
Answer and explanation
Correct answer B
Under the proviso to s.138 NI Act, a cheque must be presented to the bank within six months from the date it is drawn or within its period of validity, whichever is earlier, for the offence to arise.
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