Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881
Negotiable Instruments Act, 1881
Imperial Legislative Council
  • An Act to define and amend the law relating to negotiable instruments which are Promissory Notes, Bills of Exchange and cheques
CitationAct No. 26 of 1881
Territorial extent British India (1881-1947)
 India (1947-present)
Enacted byImperial Legislative Council
Enacted9 December 1881
Commenced1 March 1882
Codification
Code sections created148
Committee reportThird Law Commission
Status: In force (amended)

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.


From Wikipedia, the free encyclopedia · View on Wikipedia

Developed by Nelliwinne