Question

Under Section 138 of the Negotiable Instruments Act,

Q: Answer-Under Section 138 of the Negotiable Instruments Act, 1881, cheque dishonour offence completes when:

Section 138 of the NI Act creates strict criminal liability sequence 1 Cheque presented within 36 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.

1881, cheque dishonour offence completes when:

A Cheque presented within validity, notice served within 30 days, complaint filed within 15 days of notice

B Cheque returned unpaid

C Account holder informed

D Bank issues memo only

E Drawer fails to pay within 15 days

Practice Next

More Other Laws and Acts Questions

Which of the following cities was added in the list of UNESCO World Heritage sites in 2019?
When were the first Paralympic Games held?
Ustad Bismillah Khan is famously associated with which musical instrument?
______ is the state flower of Madhya Pradesh?
What is the meaning of Buddha?
From which part of the tree is the spice 'clove' derived?
What is the total financial outlay of the Dharti Aaba Janjatiya Gram Utkarsh Abhiyan launched by the Indian government for tribal development?
Recently Prime Minister commissioned a submarine in Mumbai which was totally made in India. Name the submarine
What is USSD in mobile industry?
Telecom operator Bharti has recently acquired stake in

Under Section 138 of the Negotiable Instruments Act,

Solution