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Negotiable Instrument Act 1881 Bare Act Pdf Download

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Can...the...issuer...of...the...cheque...be...tried...under...NI...Act?...Jastej...S...(Team...Vakilno1)...says:...July...24,...2013...at...8:05...pm...Yes,...if...the...Bank...returns...the...cheque...without...making...any...payment,...then...you...can...file...a...case...u/s...138...NI...Act...for...dishonor...of...cheque....Acceptor...or...endorser...bound...notwithstanding...previous...alteration...An...acceptor...or...endorser...of...a...negotiable...instrument...is...bound...by...this...acceptance...or...indorsement...notwithstanding...any...previous...alteration...of...the...instrument....Five....of....the....offence....under....Section....138[edit].....400...Bad...Request........court...cases...start...upon...a...time...1.5...years...court...cases...are...process...very...slow...notice...to...notice...but...not...a...notice...received....K....Application...of...chapter...to...drafts...The...provisions...of...this...chapter...shall...apply...to...any...draft,...as...defined...in...section...85A,...as...if...the...draft...were...a...cheque....17[When..authorized..by..agreement..or..usage,..a..presentment..through..the..post..office..by..means..of..a..registered..letter..is..sufficient.]..Presentment..of..promissory..note..for..sight..A..promissory..note,..payable..at..a..certain..period..after..sight,..must..be..presented..to..the..maker..thereof..for..sight..(if..he..can..after..reasonable..search..be..found)..by..a..person..entitled..to..demand..payment,..within..a..reasonable..time..after..it..is..made..and..in..business..hours..on..a..business..day...The..Bill..had..to..be..redrafted..in..1877...Now....HDFC....bank....has....returned....cheques....with....reason....memo........Other-Material....alteration....requires....drawers....signature....Is....it....a....valid....reason?....As....NI....Act....1881,....holder....can....complete....the....inchoate....cheque.....

(c)....pay....C....on....order....for....the....account....to....B.....Negotiable..Instruments..Act,..1881..is..an..act..in..India..dating..from..the..British..colonial..rule,..that..is..still..in..force..largely..unchanged...Conversion..of..endorsement..in..blank..into..endorsement..in..full..The..holder..of..a..negotiable..instrument..endorsed..in..blank..may,..without..signing..his..own..name,..by..writing..above..the..endorsers..signature..a..direction..to..pay..to..any..other..person..as..endorsee,..convert..the..endorsement..in..blank..into..an..endorsement..in..full;..and..the..holder..does..not..thereby..incur..the..responsibility..of..an..endorser...Calculating..maturity..of..bill..or..note..payable..so..many..months..after..date..or..sight..In..calculating..the..date..at..which..a..promissory..note..or..bill..of..exchange,..made..payable..at..stated..number..of..months..after..date..or..after..sight,..or..after..a..certain..event,..is..at..maturity,..the..period..stated..shall..be..held..to..terminate..on..the..day..of..the..month,..which..corresponds..with..the..day..on..which..the..instrument..is..dated,..or..presented..for..acceptance..or..sight,..or..noted..for..non-acceptance,..or..protested..for..non-acceptance,..or..the..event..happens..or,..where..the..instrument..is..a..bill..of..exchange..made..payable..at..stated..number..of..months..after..sight..and..has..been..accepted..for..honor,..with..the..day..on..which..it..was..so..accepted...Payment....of....instrument....on....which....alteration....is....not....apparent....Where....a....promissory....note,....bill....of....exchange....or....cheque....has....been....materially....altered....but....does....not....appear....to....have....been....so....altered,....or....where....a....cheque....is....presented....for....payment....which....does....not....at....the....time....of....presentation....appear....to....be....crossed....or....to....have....had....a....crossing....which....has....been....obliterated,....payment....thereof....by....a....person....or....banker....liable....to....pay,....and....paying....the....same....according....to....the....apparent....tenor....thereof....at....the....time....of....payment....and....otherwise....in....due....course,....shall....discharge....such....a....person....or....banker....from....all....liability....thereon,....and....such....payment....shall....not....be....questioned....by....reason....of....the....instrument....having....been....altered,....or....the....cheque....crossed.....Delivery...of...instrument...on...payment...or...indemnity...in...case...of...loss...Any...person...liable...to...pay,...and...called...upon...by...the...holder...thereof...to...pay,...the...amount...due...on...a...promissory...note,...bill...of...exchange...or...cheque...is...before...payment...entitled...to...have...it...shown,...and...is...on...payment...entitled...to...have...it...delivered...up,...to...him,...or,...if...the...instrument...is...lost...or...cannot...be...produced,...to...be...indemnified...against...any...further...claim...thereon...against...him....Excuse..for..delay..in..presentment..for..acceptance..or..payment..Delay..in..presentment..22[for..acceptance..or..payment]..is..excused..if..the..delay..is..caused..by..circumstances..beyond..the..control..of..the..holder,..and..not..imputable..to..his..default,..misconduct..or..negligence...-..For..the..purposes..of..this..section,..the..expressions-..(a)..a..cheque..in..the..electronic..form..means..a..cheque..which..contains..the..exact..mirror..image..of..a..paper..cheque,..and..is..generated,..written..and..signed..in..a..secure..system..ensuring..the..minimum..safety..standards..with..the..use..of..digital..signature..(with..or..without..biometrics..signature)..and..asymmetric..crypto..system;..(b)..a..truncated..cheque..means..a..cheque..which..is..truncated..during..the..course..of..a..clearing..cycle,..either..by..the..clearing..house..or..by..the..bank..whether..paying..or..receiving..payment,..immediately..on..generation..of..an..electronic..image..for..transmission,..substituting..the..further..physical..movement..of..the..cheque..in..writing...

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Sam 3 Sep - 17:13 (2016)
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