Multiple choice

If holder of a cheque wants to file complaint in a court u/s 138 of NI Act and other related provisions of NI Act, he can do so

  1. within one month from date of cause of a action

  2. within one month from date of returning of the cheque by the collecting bank

  3. within one month of date of receipt of the information about dishonor by the holder

  4. within one month of date of dishonor of the cheque
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A Correct answer
Explanation

The bill provided certain considerable safeguards to ensure that genuine and honest customers of the bank were not harassed. These safeguards included - that no court shall take cognizance of such offence except on a complaint, in writing made to the payee or the holder in due course of the cheque; that such complaint is made within one month of the date on which the cause of action arises; and that no court inferior to that of a Metropolitan Magistrate or a Judicial Magistrate of the first class shall try any such offence.

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