Question
Under Section 138 of the Negotiable Instruments Act, 1881, cheque dishonour offence completes when:
Solution
Section 138 of the NI Act creates strict criminal liability sequence: (1) Cheque presented within 3/6 months validity, (2) Returned unpaid due to insufficient funds, (3) Payee serves 30-day demand notice, (4) Drawer fails to pay, (5) Complaint within 15 days of notice expiry. Each step mandatory for offence constitution.
More Other Laws and Acts Questions
- What does “offence” generally mean under Section 2(24)?
- In which of the following cases did the Supreme Court discuss intermediary liability in the context of obscene material offered on an online platform?
- Under Section 16 of the Indian Contract Act, 1872, "Undue Influence" is:
- Under the proviso to Section 8(1) (clarified through jurisprudence), what happens if a dispute partially falls within an arbitration agreement's scope?Â
- Section 6 of the DSPE Act is titled as:
- As per the definition of Prospectus under the Companies Act a prospectus means and includes___________
- Section dealing with “Related Party Transactions”:Â
- When was the Recovery of Debts and Bankruptcy Act enacted?
- According to the Industrial Relations Code what is the requirement for an industrial establishment regarding the formation of Grievance Redressal Committee...
- Which Part of the Constitution of India consists of Emergency provisions?
