Which one of the following is not meant by the term 'Company' for the purpose of Section 141 of the…
The Explanation to s.141 NI Act defines company as "Any body corporate" and includes "A firm" or "Other association of individuals"; "Any educational institute" is not as…
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Which one of the following is not meant by the term 'Company' for the purpose of Section 141 of the Negotiable Instruments Act, 1881?
Answer and explanation
Correct answer C
The Explanation to s.141 NI Act defines company as "Any body corporate" and includes "A firm" or "Other association of individuals"; "Any educational institute" is not as such within the definition.
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