Monday, 16 July 2018

Negotiable Instruments Act





Negotiable Instruments Act








4

Promissory Note
5

Bill of Exchange
6

Cheque
7







8

Holder
9

Holder In Due Course
10

Payment in Due Course
16

Endorsement in Blank / Full
26

Minor may draw, endorse, deliver and negotiate a N.I. so minor can draw a


cheque. No Overdraft / LOAN can be given to the banker








31

Liability of the Paying Bank
50

Restrictive Endorsement
52

Conditional Endorsement
52

Sans Recourse
85

Cheque Payable to Order : Paying Bankers' Protection
87

Material Alternation
89

Payment according to apparent tenor thereof at the time of payment and


otherwise in due course, shall discharge the person/banker from all liability


thereon.
123

General Crossing
124

Special Crossing
125

Crossing of Cheque
130

Not Negotiable Crossing
131

Protection to Banker While collecting cheques
138

Drawer of cheque is liable to be punished if the cheque is bounced for


Insufficiency funds, the drawer is punishable with and imprisonment which


may extend to one year and or a fine may extend to twice the amount of the








cheque or with both.




141

Offences By Company
143

Summary Trial by Court
144

Mode Of Service of Summons
145

Evidence On Affidavit
146

BANKS' SLIP Prima facie evidence
147

Offences to be Compoundable
10/31/

Payment Of Cheques
85/126







126 to

Payment in Due Course of Cross Cheques
129







131A

Protection to Banker While collecting Drafts
85A

Draft Payable to Order : Paying Bankers' Protection
85A

Drafts Payable to Order

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