Negotiable Instruments: Meaning, Types and Legal Aspects
Negotiable Instruments Act, 1881(NI Act), A “negotiable instrument” means a promissory note, bill of exchange or cheque payable either to order or to bearer. TYPES OF NEGOTIABLE INSTRUMENTS: 1. Negotiable instruments by Statue The Act mentions only three types of Negotiable Instruments (Section 13).These are: Promissory Note
India these instruments are governed by the Indian Negotiable Instruments Act 1881. 8.1 Meaning of Bill of Exchange According to the Negotiable Instruments Act 1881, a bill of exchange is defined as an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to ...
Study Note 3 : Negotiable Instruments Act, 1881 3.1 Negotiable Instruments –Characteristics of Negotiable Instruments 121 3.2 Definition of Promissory Note, Bill of …
Notice under Section 138 of the Negotiable Instruments Act, 1881 130-131 15. Reply to Legal Notice under Section 138 of Negotiable Instruments Act, 1881 132-133 The forms of pleadings/deeds enlisted above are only illustrative and not exhaustiv e. The pleadings/deeds are to be drafted on different grounds/facts. ...
23. Partnership Act, 1932: Rights and Liabilities of Partners; Registration of Firms; Dissolution of Firms and Partnership; Landmark judgments 24. Negotiable Instrument Act, 1881: Negotiable Instruments and Parties; Material Alteration; Crossing and bouncing of Cheques; Dishonour of Cheques & its Remedies; Presumption of Law as to Negotiable
---In this Act, unless there in anything repugnant in the subject or context,--- (1) "applicant" includes any person from or through whom an applicant derives his right to apply: (2) "bill of exchange" has the same meaning as in section 5 of the Negotiable Instruments Act, 1881 (XXVI of 1881), and includes a Hundi and a Cheque]:
offence punishable under section138 of the Negotiable Instruments Act, 1881? A) Judicial Magistrate of Second Class B) Judicial Magistrate of First Class . C) Chief Judicial Magistrate D) None of the above 48. A post dated cheque is only a ----- when it is written or drawn, it becomes a cheque when it is payable on demand. ...
3. Negotiable Instruments Act,1881 4. Indian Partnership Act,1932 Section B: Fundamentals of Industrial Laws 20% 5. Factories Act,1948 6. Payment of Wages Act, 1936 and Minimum Wages Act,1948 7. The Employees’ State Insurance Act, 1948 8. The Child Labour (Prohibition and Regulation)Act, 1986 Section C : Fundamentals of Ethics 10% 9. Ethics ...
NEGOTIABLE INSTRUMENT ACT,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:— This Act may be called the Negotiable Instruments Act, 1881.