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CA Foundation doubt

A cheque is disnoured because of insufficient of the fund what will be your answer if the person is issued the cheque as a donation?

Asked by Shivam1 Jul 2024436 views

3 answers

  1. samriddhi · 1 Jul 2024

    But the punishment will be given as per indian contract act provisions Quasi

  2. samriddhi · 1 Jul 2024

    No punishment will be given to the drawer under section 138

  3. samriddhi · 1 Jul 2024

    Then the section 138 will be not applicable

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