Legal Question in Banking Law in India
WHAT IS THE MAXIMUM PUNISHMENT UNDER Section 138 of Negotiable Instruments Act 1881
Asked on 4/12/10, 3:39 am
1 Answer from Attorneys
AMAN SHARMA
SHUBH C SHARMA and company
as per negotiable instruments act " such person shall be punished with imprisonment for a term which may extend tp one year or fine which may extend to twice the amount of the cheque or with both."
Answered on 4/12/10, 7:09 am
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