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
Join The Discussion