What is the statutory notice period for intimating dishonour of cheque under Section 138 of the…
Under proviso (b) to s.138 NI Act the payee must give notice in writing demanding payment within thirty days, i.e. "One month", of receiving information of dishonour from…
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What is the statutory notice period for intimating dishonour of cheque under Section 138 of the Negotiable Instruments Act?
Answer and explanation
Correct answer B
Under proviso (b) to s.138 NI Act the payee must give notice in writing demanding payment within thirty days, i.e. "One month", of receiving information of dishonour from the bank.
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