What is the punishment for offence under Section 138 of the Negotiable Instruments Act?
Under s.138 of the Negotiable Instruments Act, 1881, dishonour of a cheque is punishable with "2 years imprisonment or fine which may extend to twice the amount of cheque or…
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What is the punishment for offence under Section 138 of the Negotiable Instruments Act?
Answer and explanation
Correct answer A
Under s.138 of the Negotiable Instruments Act, 1881, dishonour of a cheque is punishable with "2 years imprisonment or fine which may extend to twice the amount of cheque or both".
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