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Negotiable Instruments Act

NI Act

Cheque bounce (Sec 138), promissory notes

2 Minor18 Info
🔒 3 Non-Bailable🔓 2 Bailable⚡ 4 Cognizable
✨ Section of the Day
§ 3
Promissory Note & Bill of Exchange: Definition
This section defines three important financial documents: a promissory note, a bill of exchange, and a cheque. A promissory note is a promise to pay, a bill of exchange is an order to pay, and a cheque is a specific type of bill of exchange drawn on a bank.
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Definitions
Sec. 2
Promissory Note & Bill of Exchange: Definition
Sec. 3
Promissory Note Definition
Sec. 4
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Sec. 5
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Sec. 7
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Sec. 9
Inchoate stamped instruments
Sec. 20
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Sec. 27
Dishonour of Cheque
Sec. 80
Effect of material alteration
Sec. 87
Cheque Dishonour Penalties
Sec. 117
Presumptions as to Negotiable Instruments
Sec. 118
Dishonour of Cheque
Sec. 138
Presumption of Dishonour
Sec. 139
Offences by companies
Sec. 141
Offences to be tried by Metropolitan Magistrate
Sec. 142
Power of Court to try cases summarily
Sec. 143
Evidence of Electronic Records
Sec. 145
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Sec. 146
Offences to be Compoundable
Sec. 147

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