Under the Negotiable Instrument Act, what is the validity period for presenting a cheque for payment ?
CS CSEET · Business Laws and Management · PYQS · June 2026
Under the Negotiable Instrument Act, what is the validity period for presenting a cheque for payment ?
Answer & Explanation:
Correct Answer: Option (B)
Correct answer: (B) 3 months. The effective cheque-validity period is three months under the RBI directions, operative from 1 April 2012.
Topics: Negotiable Instruments Act, 1881
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