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An Act to define and amend the law relating to Promissory Notes, Bills of Exchange and Cheques. Preamble. —Whereas it is expedient to define and amend the law relating to promissory notes, bills
The Negotiable Instruments Act, 1881. Long Title: An Act to define and amend the law relating to Promissory Notes, Bills of Exchange and Cheques. Ministry: Ministry of Finance. Department: Department of Financial Services. Enforcement Date: 01-03-1882.
THE NEGOTIABLE INSTRUMENTS ACT, 1881. INTRODUCTION. The main objective of the Act is to legalise the system by which instruments contemplated by it could pass from hand to hand by negotiation like any other goods. Amendments in the act has come three times : Negotiable Instruments (Amendments and Miscellaneous Provisions) Act, 2002, Negotiable ...
Show entries. Contains all Enforced Central and State Acts linked with Subordinate Data like Rules,Regulations,Notifications,Orders,Circulars,Ordinances,Statutes.
Full text containing the act, Negotiable Instruments Act, 1881, with all the sections, schedules, short title, enactment date, and footnotes.
A perusal of section 13 of the Act shows, however, that the Act is confined only to three specific types of negotiable instru- ments, viz., promissory note, bill of exchange and cheque. The codified law in India relating to negotiable instruments 'thus deals, as in England, only with the aforesaid three instruments. 7.
Dec 8, 2022 · This article discusses the Negotiable Instruments Act, 1881, which governs the functioning of promissory notes, bills of exchange, or cheques payable either to the order or to the bearer, in the entire territory of India. It has been published by Rachit Garg.
This Act has been promulgated in the Year 1881 originally but was Amended by Parliament of India from time to time. This Statute is aimed to define and amend the prevailing law relating to Promissory Notes, Bills of Exchange and Cheques. This bare act has Seventeen Chapters and 148 Sections.
दृ टांत. क व यं अपने आदेशानुसार देय िविनमय- प ख पर िलख देता है , जो उसे ितगृहीत कर लेता है । त प चात् क िविनमय -प को ग के नाम , ग , घ के नाम और घ ...
This Act is enacted to define and amend laws relating to promissory note, bills of exchange and cheque. This Act is applicable to whole of India including Jammu and Kashmir.
