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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".
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.
Banking Regulation Act: 1949: 10 West Godavari District (Assimilation of Laws on Federal Subjects) Act: 1949: 20 Chartered Accountants Act: 1949: 38 Industrial Disputes (Banking and Insurance Companies) Act: 1949: 54 Police Act: 1949: 64 Central Reserve Police Force Act: 1949: 66 High Courts (Seals) Act: 1950: 7 Immigrants (Expulsion from Assam ...
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 ...
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Negotiable Instruments Act; ... was an Indian revolutionary from Tamil Nadu who fought against British colonial rule in India_2 April 1881. ... at 10:32 (UTC). Text ...