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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. The word "negotiable" means transferable and an "instrument" is a document giving legal effect by the virtue of the law
Central Provinces Land-revenue Act 1881 18 Negotiable Instruments Act 1881 26 Indian Trusts Act 1882 2 Transfer of Property Act 1882 4 Indian Easements Act 1882 5 Powers-of-Attorney Act 1882 7 Presidency Small Cause Courts Act 1882 15 Land Improvement Loans Act 1883 19 Panjab District Boards Act 1883 20 Explosives Act 1884 4
First Factory Act (1881) Negotiable Instruments Act, 1881; First complete Census in India (1881) Repeal of the Vernacular Press Act (1882) Establishment of Panjab University (1882) Government resolution on local self-government (1882) [16] Appointment of Education Commission under Sir William Wilson Hunter (1882) [17] Ilbert Bill (1883) Passed ...
[7] Darshani Hundi: This is a hundi payable on sight. It must be presented for payment within a reasonable time after its receipt by the holder. Thus, it is similar to a demand bill. [6] Muddati Hundi: A muddati or miadi hundi is payable after a specified period of time. This is similar to a time bill.
According to section 4 of India's Negotiable Instruments Act, 1881, "a Promissory Note is a writing (not being a bank note or currency note), containing an unconditional undertaking, signed by the maker to pay a certain sum of money only to or to the order of a certain person or the bearer of the instrument". [14]
Law pertaining to negotiable instruments. ... Bankers' Books Evidence Act, 1891; ... Negotiable Instruments Act, 1881;
The act also provides for the appointment of the Banking Ombudsman, who is responsible for resolving complaints against banks. [81] Negotiable Instruments Act, 1881: This act governs the use and transfer of negotiable instruments such as cheques, promissory notes, and bills of exchange. It provides for the rights and obligations of parties to ...
Year of enactment is 1881 not 1981 and it is the part of Mercantile Law. It is also a part of Indian Law and thus request you all not to remove the category tag of Category:Indian law and Category:Mercantile_law. Soon going to add some landmark judgments of Negotiable Instruments Act.