alleryStart learning →Interim compensation under Section 143A cannot exceed what share of the cheque?
A20 percent
B100 percent
C50 percent
D10 percent
Answer & Solution
Correct answer: A. 20 percent
Section 143A(2) caps interim compensation at twenty per cent of the cheque amount.
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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:Cheque dishonour trials under the Act should aim to end within:Which court may try a Section 138 offence?A Section 138 complaint is due within what time of the cause of action?