Under which provision of the Negotiable Instruments Act, a person who is nominated as a Director of a…
"Section 141" of the NI Act, by its proviso, exempts from prosecution a director nominated by virtue of holding office or employment in the Central or State Government or a…
Choose your answer
Under which provision of the Negotiable Instruments Act, a person who is nominated as a Director of a company by virtue of his holding any office or employment in the Central Government or State Government or a Financial Corporation owned or controlled by the Central or State Government, is not liable for prosecution?
Answer and explanation
Correct answer B
"Section 141" of the NI Act, by its proviso, exempts from prosecution a director nominated by virtue of holding office or employment in the Central or State Government or a government-owned or controlled financial corporation.
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