When is an offence under section 138 of Negotiable Instruments Act, 1881 compoundable?
Verified Answer
A. If the cheque amount is upto Rs. 5,00,000
B. If the cheque amount is upto Rs. 10,00,000
C. If the cheque amount is upto Rs. 20,00,000
D. Cheque for any amount
Explanation:
Section 147 of the Negotiable Instruments Act, 1881, makes all offences under the Act compoundable, irrespective of the cheque amount.