LawgistAll Acts
Negotiable Instruments Act
An Act to define and amend the law relating to Promissory Notes, Bills of Exchange and Cheques.
| Act Id | 188126 |
| Act Number | 26 |
| Enactment Date | 1881-12-09 |
| Act Year | 1881 |
| Ministry | Ministry of Finance |
| Enforcement Date | 01-03-1882 |
- PRELIMINARY
- OF NOTES, BILLS AND CHEQUES
- 4 ''Promissory note''
- 5 ''Bill of exchange''
- 6 ''Cheque''
- 7 ''Drawer.'
- 8 ''Holder''
- 9 ''Holder in due course''
- 10 ''Payment in due course''
- 11 Inland instrument
- 12 Foreign instrument
- 13 ''Negotiable instrument''
- 14 Negotiation
- 15 Indorsement
- 16 Indorsement ''in blank'' and ''in full''
- 17 Ambiguous instruments
- 18 Where amount is stated differently in figures and words
- 19 Instruments payable on demand
- 20 Inchoate stamped instruments
- 21 ''At sight''
- 22 ''Maturity''
- 23 Calculating maturity of bill or note payable so many months after date or sight
- 24 Calculating maturity of bill or note payable so many days after date or sight
- 25 When day of maturity is a holiday
- PARTIES TO NOTES, BILLS AND CHEQUES
- 26 Capacity to make, etc., promissory notes, etc
- 27 Agency
- 28 Liability of agent signing
- 29 Liability of legal representative signing
- 30 Liability of drawer
- 31 Liability of drawee of cheque
- 32 Liability of maker of note and acceptor of bill
- 33 Only drawee can be acceptor except in need or for honour
- 34 Acceptance by several drawees not partners
- 35 Liability of indorser
- 36 Liability of prior parties to holder in due course
- 37 Maker, drawer and acceptor principals
- 38 Prior party a principal in respect of each subsequent party
- 39 Suretyship
- 40 Discharge of indorser's liability
- 41 Acceptor bound, although, indorsement forged
- 42 Acceptance of bill drawn in fictitious name
- 43 Negotiable instrument made, etc., without consideration
- 44 Partial absence or failure of money-consideration
- 45 Partial failure of consideration not consisting of money
- 45A Holder's right to duplicate of lost bill
- OF NEGOTIATION
- 46 Delivery
- 47 Negotiation by delivery
- 48 Negotiation by indorsement
- 49 Conversion of indorsement in blank into indorsement in full
- 50 Effect of indorsement
- 51 Who may negotiate
- 52 Indorser who excludes his own liability or makes it conditional
- 53 Holder deriving title from holder in due course
- 54 Instrument indorsed in blank
- 55 Conversion of indorsement in blank into indorsement in full
- 56 Indorsement for part of sum due
- 57 Legal representative cannot by delivery only negotiate instrument indorsed by deceased
- 58 Instrument obtained by unlawful means or for unlawful consideration
- 59 Instrument acquired after dishonour or when overdue
- 60 Instrument negotiable till payment or satisfaction
- OF PRESENTMENT
- 61 Presentment for acceptance
- 62 Presentment of promissory note for sight
- 63 Drawee's time for deliberation
- 64 Presentment for payment
- 65 Hours for presentment
- 66 Presentment for payment of instrument payable after date or sight
- 67 Presentment for payment of promissory note payable by instalments
- 68 Presentment for payment of instrument payable at specified place and not elsewhere
- 69 Instrument payable at specified place
- 70 Presentment where no exclusive place specified
- 71 Presentment when maker, etc., has no known place of business or residence
- 72 Presentment of cheque to charge drawer
- 73 Presentment of cheque to charge any other person
- 74 Presentment of instrument payable on demand
- 75 Presentment by or to agent, representative of deceased, or assignee of insolvent
- 75A Excuse for delay in presentment for acceptance or payment
- 76 When presentment unnecessary
- 77 Liability of banker for negligently dealing with bill presented for payment
- OF PAYMENT AND INTEREST
- OF DISCHARGE FROM LIABILITY ON NOTES, BILLS AND CHEQUES
- 82 Discharge from liability
- 83 Discharge by allowing drawee more than forty-eight hours to accept
- 84 When cheque not duly presented and drawer damaged thereby
- 85 Cheque payable to order
- 85A Drafts drawn by one branch of a bank on another payable to order
- 86 Parties not consenting discharged by qualified or limited acceptance
- 87 Effect of material alteration
- 88 Acceptor or indorser bound notwithstanding previous alteration
- 89 Payment of instrument on which alteration is not apparent
- 90 Extinguishment of rights of action on bill in acceptor's hands
- OF NOTICE OF DISHONOUR
- OF NOTING AND PROTEST
- OF REASONABLE TIME
- OF ACCEPTANCE AND PAYMENT FOR HONOUR AND REFERENCE IN CASE OF NEED
- 108 Acceptance for honour
- 109 How acceptance for honour must be made
- 110 Acceptance not specifying for whose honour it is made
- 111 Liability of acceptor for honour
- 112 When acceptor for honour may be charged
- 113 Payment for honour
- 114 Right of payer for honour
- 115 Drawee in case of need
- 116 Acceptance and payment without protest
- OF COMPENSATION
- SPECIAL RULES OF EVIDENCE
- OF CROSSED CHEQUE
- 123 Cheque crossed generally
- 124 Cheque crossed specially
- 125 Crossing after issue
- 126 Payment of cheque crossed generally
- 127 Payment of cheque crossed specially more than once
- 128 Payment in due course of crossed cheque
- 129 Payment of crossed cheque out of due course
- 130 Cheque bearing ''not negotiable''
- 131 Non-liability of banker receiving payment of cheque
- 131A Application of Chapter to drafts
- OF BILLS IN SETS
- OF INTERNATIONAL LAW
- OF PENALTIES IN CASE OF DISHONOUR OF CERTAIN CHEQUES FOR INSUFFICIENCY OF FUNDS IN THE ACCOUNTS
- 138 Dishonour of cheque for insufficiency, etc., of funds in the account
- 139 Presumption in favour of holder
- 140 Defence which may not be allowed in any prosecution under section 138
- 141 Offences by companies
- 142 Cognizance of offences
- 142A Validation for transfer of pending cases
- 143 Power of Court to try cases summarily
- 143A Power to direct interim compensation
- 144 Mode of service of summons
- 145 Evidence on affidavit
- 146 Bank's slip prima facie evidence of certain facts
- 147 Offences to be compoundable
- 148 Power of Appellate Court to order payment pending appeal against conviction
