Back to knowledge
Negotiable Instruments Act, 1881
NI Act · India · banking · Effective 1882-03-01
Governs promissory notes, bills of exchange and cheques, including Section 138 dishonour proceedings.
Official textSections, chapters & rules
Section 138 — Dishonour of cheque for insufficiency of funds
Provides criminal liability where a cheque is dishonoured for insufficiency of funds, subject to demand notice within thirty days and non-payment within fifteen days.
Section 141 — Offences by companies
Persons in charge of and responsible to the company for the conduct of its business are deemed guilty of an offence under Section 138.