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.
Select the most appropriate synonym of the given word. Â
TIMID
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