alleryStart learning →When a company commits a Section 138 offence, who is also deemed guilty?
AOnly the chairman
BOnly the auditor
CEvery shareholder
DThose running business
Answer & Solution
Correct answer: D. Those running business
Section 141 deems guilty every person in charge of and responsible for the conduct of the company's business, along with the company.
Keep practising Negotiable Instruments Act 1881
Browse all Negotiable Instruments Act 1881 questions for CA Foundation, or explore more Businesslaw topics.
Related questions
The Negotiable Instruments Act was passed as Act No. 26 of the year:The 2002 amendment of the Act inserted new sections numbered:Criminal liability for cheque dishonour entered the Act through an amendment of:Interim compensation in cheque dishonour cases was added by the Act of:Interim compensation under Section 143A must ordinarily be paid within:Interim compensation under Section 143A cannot exceed what share of the cheque?Cheque dishonour trials under the Act should aim to end within:Which court may try a Section 138 offence?