Negotiable Instruments- Sections

NEGOTIABLE INSTRUMENTS ACT 1881
SECTIONS REFERANCE
4 Definition of promissory note.
5 Definition of bills of exchange.
6 Definition of Cheque.
8 Definition of holder of bills of exchange.
9 Holder in due course.
11 Inland instruments.
12 Foreign instruments.
14 Negotiation of bills of exchange.
15 Endorsement of bills of exchange.
13 Definition of negotiable instruments.
17 Ambiguous instrument.
20 Incomplete or inchoate instruments.
22 Maturity of negotiable instruments.
23 Maturity of bill or note payable so smany months after date or sight.
24 Maturity of bill or note payable so many days after date or sight.
25 Deals with when day of maturity is a holiday.
28 Liability of agent signing.
29 Liability of legal representative.
30 Liability of drawer of a bill of exchange or cheque.
31 Liability on cheques.
32 Liability of maker of note and acceptor of bill. 33&34 who can be acceptors of bills of exchange.
35 Liability of endorser.
37 & 38 Liability of maker, drawer, and acceptor as principal debtors.
40 Discharge of endorser’s liability.
41 Effect of forged endorsement on acceptor’s liability.
42 Fictitious bills.
43 Liability under accommodation bills / without consideration.
46, Para3 Escrow.{note1}
50 Restrictive endorsement.
51 Who may negotiate bills of exchange.
NOTE1: ESCROW: A negotiable instrument which is delivered conditionally or for a special purpose as a collateral security or for a safe custody only and not for the purpose of transferring absolutely the property therein, is called ESCROW.
52 Qualified endorsement.
54 Endorsement in blank.
56 Partial endorsement.
59 Negotiation of dishonoured or overdue instruments.
60 Period of negotiation.
61 Presentment of bills for acceptance.
64 Presentment of promissory note for sight/ instrument for payment.
85A Definition of bank draft.
91 Dishonour of bills of exchange by non acceptance.
76 & 92 Dishonour of bills of exchange by non payment.
99 Noting.
100 Protest.
101 Content of protest.
102 Notice of protest.
108 Acceptance for honour.
113 Payment for honour.
118 Presumptions of negotiable instruments.
123 General crossing of a cheque.
124 Special crossing of a cheque.
125 Who may cross a cheque.
126-129 Payment of crossed cheque.
130 “NOT NEGOTIABLE” crossing of a cheque.
131 Protection of collecting banker in case of cheque.
132 & 133 Bills in sets.
138 Dishonour of cheque, drawer’s liability.