Search results
Results From The WOW.Com Content Network
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]
Post-dated cheques in Indian law are considered under the Negotiable Instruments Act, 1881.Post-dated cheques are common and enforceable. [9] In 1998, the Supreme Court ruled that a post-dated cheque is a bill of exchange and does not become payable on demand until the date written on the cheque
A dishonoured cheque (also spelled check) is a cheque that the bank on which it is drawn declines to pay (“honour”). There are a number of reasons why a bank might refuse to honour a cheque, with non-sufficient funds (NSF) being the most common, indicating that there are insufficient cleared funds in the account on which the cheque was drawn.
Download as PDF; Printable version; Help ... Pages in category "Negotiable instrument law" ... Negotiable Instruments Act, 1881; Note issuance facility; P.
Births. November – Darwan Singh Negi, recipient of the Victoria Cross for gallantry in 1914 (d. 1950). Varahaneri Venkatesa Subramaniam Aiyar, also known as V. V. S. Aiyar, was an Indian revolutionary from Tamil Nadu who fought against British colonial rule in India_2 April 1881.
C. 1881 in Canadian law (1 C, 1 P) 1881 in case law (2 C, 2 P) Courts and tribunals established in 1881 (4 P) 1881 crimes (4 C)
Download as PDF; Printable version; Help ... Land Law (Ireland) Act 1881; N. Negotiable Instruments Act, 1881; R. Redgrave v Hurd