21 May, 2020
2 Min Read
The Negotiable Instruments (Amendment) Bill, 2017
It seeks to amend the Negotiable Instruments Act, 1881. A negotiable instrument is a document that promises payment to a specified person. E.g Cheque
The Act defines promissory notes, bills of exchange, and cheques. It also specifies penalties for bouncing of cheques, and other violations with respect to such negotiable instruments.
Copyright© Aspire IAS Academy. All rights reserved. Powered by CLT Technologies & Edu-Publishers Private Limited.