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NI ACT
Corporate & Other Laws
Can u explain the gist of it ? Can't understand
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Sec. 138 is a penal provision which states that a drawer is liable an his will constitute an offence when 1.he instruct bank for stop payment 2.he in request drawee not to encash the cheque.. And...as per sec 140 ...after drawing a cheque a drawer cannot tell that he wasn't aware of his insufficiency of bank balance.. Thus this act in this case constitute an offence
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