Question

Who can be held liable for a cheque dishonour offence committed by a company under Section 141?

Q: Answer-Who can be held liable for a cheque dishonour offence committed by a company under Section 141?

Section 141 of the Negotiable Instruments Act provides that where the offence under Section 138 is committed by a company, every person who at the time of the offence was in charge of and responsible for the conduct of the business of the company, as well as the company itself, shall be deemed guilty. Directors, managers and officers may be liable if the offence was committed with their consent or connivance, or due to their neglect. This extends liability to those running the company.