Maximum sentence of fine which a J.M.F.C. can impose for offence under section 138 of the negotiable instruments Act:-
Verified Answer
A. Twice the amount of cheque
B. Twenty thousand
C. One lac
D. Ten thousand
Explanation:
Section 138 of the Negotiable Instruments Act, 1881, states that the punishment for dishonour of cheque is imprisonment for a term which may extend to two years, or with fine which may extend to twice the amount of the cheque, or with both.