An Act to define and amend the law relating to Promissory Notes, Bills of Exchange and Cheques. CHAPTER I PRELIMINARY 1. Short title. —This Act may be called the Negotiable Instruments Act, 1881.
Negotiable Instruments Act, 1881 is an act in India dating from the British colonial rule, that is still in force largely unchanged.
Income Tax Department · Section - 1 · Section - 2 · Section - 3 · Section - 4 · Section - 5 · Section - 6 · Section - 7 · Section - 8.
Nov 2, An Act to define and amend the law relating to Promissory Notes, Bills of Exchange and Cheques. Ministry: Ministry of Finance. Department:.
The Negotiable Instrument Act, 1881 (“the NI Act”) came into being as an Act to define and amend the law relating to promissory note, bill of exchange and cheques. The NI Act has been amended time and again to ensure and enhance the trust in negotiable instruments.
According to Sec. 13 of the Act, negotiable instrument means 'a Promissory Note, Bills of Exchange or Cheque payable either to order or to.
Jun 6, India: Section 138 Of Negotiable Instruments Act: Overview · a person must have drawn a cheque for payment of money to another for the.
According to Section 13 (a) of the Act, “Negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or to bearer, whether.
In India, the Negotiable Instruments Act, 1881 is responsible for governing NIs. This law defines these instruments and also deals with each type of them.
(1) This Act may be called the Negotiable Instruments (Amendment and Miscella- neous Provisions) Act, 2002. (2) It shall come into force on such date as the.
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