Under section 138 of the Negotiable Instruments Act, 1881, the maximum punishment prescribed is
Verified Answer
A. Imprisonment upto One year and fine upto the amount of cheque
B. Imprisonment upto Two years and fine upto the amount of cheque
C. Imprisonment upto Two years and fine upto the twice the amount of cheque
D. None of the above
Explanation:
Section 138 of the Negotiable Instruments Act, 1881, prescribes punishment of 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.