Section 138 NI Act

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Proprietorship Has No Separate Legal Identity; Only Proprietor Can Be Held Liable Under Section 138 NI Act: Delhi High Court

Amit Kapoor07 mins

The Delhi Excessive Court docket noticed that in case of a Proprietorship concern, it’s only the proprietor who could be held liable below Part 138 of the Negotiable Devices Act (NI Act) for the reason that Proprietorship concern has no separate authorized id. The Court docket handled the difficulty whereby Part 138 NI Act proceedings…

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