Negotiable Instruments Act, 1881: Managing Director is responsible for acts done in the company name
(From previous issue) :17. We have considered the facts, relevant provisions of Section 138 and 141 of the Negotiable Instruments Act and the decisions cited above we are of the view that computation of 30 days for issuance of notice shall start running excluding the date of dishonoured cheque and in a similar way “within 30 days of the date of the receipt of the said notice” used in Section 138(1)(c) of the Negotiable Instruments Act, necessarily implies that the...