How much punishment is provided under Section 138 of Negotiable Instruments Act, 1881?
Under s.138 NI Act the punishment is "Imprisonment for term which may extend to two years or with fine which may extend to twice the amount of the cheque or with both."
Choose your answer
How much punishment is provided under Section 138 of Negotiable Instruments Act, 1881?
Answer and explanation
Correct answer A
Under s.138 NI Act the punishment is "Imprisonment for term which may extend to two years or with fine which may extend to twice the amount of the cheque or with both."
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