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THE NEGOTIABLE INSTRUMENTS ACT, 1881 ACT NO. 26 OF 18811 [9th December, 1881.] 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 of exchange and cheques; It is hereby enacted as follows:— CHAPTER I
Negotiable Instruments Act, 1881 is an act in India dating from the British colonial rule, that is still in force with significant amendments recently. It deals with the law governing the usage of negotiable instruments in India.
Act ID: 188126: Act Number: 26: Enactment Date: 1881-12-09: Act Year: 1881: Short Title: 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: Last ...
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 Instruments (Amendment) Act, 2015, Negotiable ...
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.
The Negotiable Instruments Act, 1881. Language English. Attachment File: Download The file (685.46 KB) Act No.: 26. Acts yearwise: List Of Acts Of 1881.
May 7, 2020 · India May 7 2020. 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...
