TMI BlogDishonor of Cheque - Prosecution proceedings against the trustee who has not signed the cheque - The...Dishonor of Cheque - Prosecution proceedings against the trustee who has not signed the cheque - The "trust" is not a "body corporate" or an "association of individuals" as provided in the Explanation to section 141 of the N. I. Act. Therefore, no prosecution against the trustees, invoking the provisions u/s 138 / 141 of the NI Act, can be maintained. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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