Issuance of a bounced/dud bank Cheque is a criminal offence. Where the issuer of such Cheque is an individual, it is punishable with 2 years imprisonment without fine. Where the issuer is a corporate body, it is punishable with fine of not less than #5,000.00.
See, section 1 of DISHONOURED CHEQUES (OFFENCES) ACT, 1977.
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