Penalty on cheque dishonour

184 views 3 replies
Is penalty applicable on dishonour cheque?what is the rate of penalty in such cases.
Arvind kumar
varanasi
Replies (3)
Yes, penalty applicable is for dishonour of cheque, for latest rate you Can contact to your Bank branch.
It also attract indian penal code for criminal liability
Yes Section 138 of NI Act,


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