Examveda

What is the punishment prescribed for the offence punishable under Section 138 of the Negotiable Instruments Act?

A. Imprisonment for a term which may be extended to two years or with fine which may extend to twice the amount of the cheque or with both

B. Imprisonment for a term which may be extended to one year or with fine which may extend to the amount equivalent to the amount of the cheque or with both

C. Imprisonment for a term which may be extended to two years or with fine which may extend to the amount equivalent to the amount of the cheque or with both

D. Imprisonment for a term which may be extended to two years or with fine which may extend to thrice the amount of the cheque or with both

Answer: Option A


This Question Belongs to Law >> Negotiable Instruments Act

Join The Discussion

Related Questions on Negotiable Instruments Act