Who, of the following, are not liable for prosecution under Section 141 of The Negotiable Instruments…
The second proviso to section 141(1) exempts a company director nominated by virtue of an office or employment in the Central Government, State Government, or a financial…
Choose your answer
Who, of the following, are not liable for prosecution under Section 141 of The Negotiable Instruments Act, 1881?
Answer and explanation
Correct answer D
The second proviso to section 141(1) exempts a company director nominated by virtue of an office or employment in the Central Government, State Government, or a financial corporation owned or controlled by either. Each listed category comes within the proviso; it is not a blanket exemption for every employee or every government-company director.
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