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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
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]
Negotiable instruments and shares in corporations. 77 Sale by public auction. 78 Irregularity not to vitiate sale, but any person injured may sue. 79 Delivery of movable property, debts and shares. 80 Transfer of negotiable instruments and shares. 81 Vesting order in case of other property.
Haj Committee Act: 2002: 35 Foreign Aircraft (Exemption from Taxes and Duties on Fuel and Lubricants) Act: 2002: 36 Multi-State Co-operative Societies Act: 2002: 39 Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act: 2002: 54 Unit Trust of India (Transfer of Undertaking and Repeal) Act: 2002: 58
Indian Stamp Act, 1899: This act regulates the payment of stamp duty on various financial instruments, such as promissory notes, bills of exchange, and share certificates. Negotiable Instruments Act, 1881: This act governs the use of negotiable instruments, such as cheques, bills of exchange, and promissory notes, in financial transactions.
Sahyog means co-operation in Hindi and Gujrati, the predominant [6] languages of traders. The hundi is so named because it required the co-operation of multiple parties to ensure that the hundi has an acceptable risk and fairly good likelihood of being paid, in the absence of a formalized credit monitoring and reporting framework.
This is a category of articles concerning acts of Parliament (laws enacted by the Parliament of India in 2002). For more general discussion of Indian legal topics, see Category:Law of India and its other subcategories.
The Transfer of Property Act 1882 is an Indian legislation which regulates ... 2002; Contract Act, 1872 ... Sale of Goods Act, 1930; Negotiable Instruments Act, 1881 ...