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DAILY NEWS ANALYSIS

  • 21 May, 2020

  • 2 Min Read

The Negotiable Instruments (Amendment) Bill, 2017

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.

Source: TH


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17 Sep,2021

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