Q103
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
AnswerB.
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
Solution
Answer: Option A
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