If the person committing an offence under Section 138 of the Negotiable Instruments Act, 1881, is a…
Under s.141 NI Act both the company and every person in charge of and responsible for the conduct of its business are deemed guilty, i.e. "A person, in charge of and…
Choose your answer
If the person committing an offence under Section 138 of the Negotiable Instruments Act, 1881, is a company, the following shall be deemed to be guilty of the offence:
Answer and explanation
Correct answer D
Under s.141 NI Act both the company and every person in charge of and responsible for the conduct of its business are deemed guilty, i.e. "A person, in charge of and responsible for the conduct of the business of the company, as well as the company"; a Government-nominated director is exempt.
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