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Every offence punishable under Section 147 of the Negotiable Instruments Act, 1881 is:
Question

Every offence punishable under Section 147 of the Negotiable Instruments Act, 1881 is:

A.

compoundable

B.

non-compoundable

C.

cognizable

D.

Both (2) and (3) above

Correct option is A


Section 147 of the Negotiable Instruments Act, 1881, inserted by the Negotiable Instruments (Amendment and Miscellaneous Provisions) Act, 2002, makes all offences under the Act compoundable, notwithstanding anything contained in the Code of Criminal Procedure.
This was done to promote amicable settlement in cheque bounce cases under Section 138.
Information Booster:
· The rationale behind making the offence compoundable is to reduce pendency in courts.
· Compounding requires the consent of the complainant.
· Cheque bounce cases are among the most litigated financial offences in India.

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