Bouncing cheques is a criminal offence in India. This offence comes under Section 138 of Negotiable Instrument Act, 1881. And the consequence could be two years as well as twice the amount of the cheque. Of course, this applies when you bounce a cheque due to non sufficient funds in your account, and not really […]
The post Why bouncing a cheque may no longer put you in jail appeared first on Firstpost.