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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
English: An Act to repeal the Rules Publication Act, 1893, and to make further provision as to the instruments by which statutory powers to make orders, rules, regulations and other subordinate legislation are exercised.
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".
Decree for execution of document, or endorsement of negotiable instrument. 35 Decree for immovable property. 36 Decree for delivery of immovable property when in occupancy of tenant. 37 Discretionary power to permit judgment-debtor to show cause against detention in prison. 38 Warrant for arrest to direct judgment-debtor to be brought up. 39
Securities and Exchange Board of India Act: 1992: 15 Cess and Other Taxes on Minerals (Validation) Act: 1992: 16 National Commission for Minorities Act: 1992: 19 Foreign Trade (Development and Regulation) Act: 1992: 22 Special Court (Trial of Offences Relating to Transactions in Securities) Act: 1992: 27 Rehabilitation Council of India Act ...
In 1881, the Negotiable Instruments Act (NI Act) [55] was enacted in India, formalising the usage and characteristics of instruments like the cheque, the bill of exchange, and promissory note. The NI Act provided a legal framework for non-cash paper payment instruments in India. [ 25 ]
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