Negotiable Instruments Act (As amended by The Negotiable Instruments (Amendment) Act, 2018, w.e.f. 1-9-2018)

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Publisher: Bharat Law House Pvt. Ltd.
Edition: 23rd edn., 2020
Year: 2020
ISBN: 978-81-7737-269-4
Pages: 1464
Availability: In Stock.

Description

CHAPTER I

Preliminary

1 Short title, local extent, saving of usages relating to hundis, etc. Commencement

2 Repeal of enactments (Repealed)

3 Interpretation clause “Banker”

CHAPTER II

Of notes, bills and cheques

4 “Promissory note”

5 “Bill of Exchange”

6 “Cheque”

7 “Drawer”, “Drawee”, “Drawee in case of need”, “Acceptor”, “Acceptor for honour”, “Payee”

8 “Holder”

9 “Holder in due course”

10 “Payment in due course”

11 Inland instrument

12 Foreign instrument

13 Negotiable instrument

14 Negotiation

15 Indorsement

16 Indorsement “in blank” and “in full”, “indorsee”

17 Ambiguous instruments

18 Where amount is stated differently in figures and words

19 Instruments payable on demand

20 Inchoate stamped instruments

21 “At Sight”, “On Presentment”, “After Sight”

22 “Maturity” Days of grace

23 Calculating maturity of bill or note payable so many months after date or sight

24 Calculating maturity of bill or note payable so many days after date or sight

25 When day of maturity is a holiday

CHAPTER III

Parties to Notes, Bills and Cheques

26 Capacity to make, etc., promissory notes, etc.

27 Agency

28 Liability of agent signing

29 Liability of legal representative signing

30 Liability of drawer

31 Liability of drawee of cheque

32 Liability of maker of note and acceptor of bill

33 Only drawee can be acceptor except in need or for honour

34 Acceptance by several drawees not partners

35 Liability of indorser

36 Liability of prior parties to holder in due course

37 Maker, drawer and acceptor principals

38 Prior party a principal in respect of each subsequent party

39 Suretyship

40 Discharge of indorser’s liability

41 Acceptor bound although indorsement forged

42 Acceptance of bill drawn in fictitious name

43 Negotiable instrument made, etc., without consideration

44 Partial absence or failure of money consideration

45 Partial failure of consideration not consisting of money

45A Holder’s right to duplicate of lost bill

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