The offence under section 138 of the Negotiable Instruments Act, 1881 is punishable with:
Section 138 of the Negotiable Instruments Act 1881, as amended in 2002, punishes dishonour of a cheque with imprisonment up to two years, or fine up to twice the cheque…
Choose your answer
The offence under section 138 of the Negotiable Instruments Act, 1881 is punishable with:
Answer and explanation
Correct answer A
Section 138 of the Negotiable Instruments Act 1881, as amended in 2002, punishes dishonour of a cheque with imprisonment up to two years, or fine up to twice the cheque amount, or both - the earlier one-year term and the versions capping the term at three or five years are not the current provision.
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