Q: Elaborate Section 141 of negotiable instrument act, 1881 ?

Ans: Section 141 of negotiable Instrument act mentions about the offences by companies.

If the person commits an offence under section 138 of negotiable Instrument act and is a company, every person who, at the time the offence was committed, was in charge of, and was responsible to the company for the conduct of the business of the company, as well as the company, shall be deemed to be guilty of the offence as well as shall be liable to be proceeded against and punished accordingly provided that nothing contained in this sub-section (1) shall render any person liable to punishment if he proves that the offence was committed without  knowledge of drawer, or that he had exercised all due diligence to prevent the commission of such offence.
For the purposes of this section,—
(a) “company” means any body corporate as well as includes a firm or other association of individuals; and
(b) “director”, in relation to a firm, means a partner in the firm.]

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