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max punishment 4 chq bounce of 65k of co opp bank


05-Feb-2023 (In Cheque Bounce Law)
Maximum punishment for cheqe bounce of 65000 rs co operative bank under N I act
Answers (1)

Answer #1
889 votes
Maximum punishment of 2 years and fine of double the cheque amount as per NI Act.
The cheque must towards legally enforceable debt . the cheque as the validity of 3 months from the date on its drawn.

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