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Negotiable Instruments Act, 1881 Complete Act - Bare Act

StateCentral Government
Act Info:
Chapter I
Section1 - Short title
Section2 - Repeal of enactments
Section3 - Interpretation clause
Chapter II
Section4 - "Promissory note"
Section5 - "Bill of exchange"
Section6 - "Cheque"
Section7 - "Drawer", "drawee"
Section8 - "Holder"
Section9 - "Holder in due course"
Section10 - "Payment in due course"
Section11 - "Inland instrument"
Section12 - "Foreign instrument."
Section13 - "Negotiable instrument"
Section14 - Negotiation
Section15 - Indorsement
Section16 - Indorsement "in blank" and "in full"--"Indorsee"
Section17 - Ambiguous instruments
Section18 - Where amount is stated differently in figures and words
Section19 - Instruments payable on demand
Section20 - Inchoate stamped instruments
Section21 - "At sight", "On presentment", "After sight"
Section22 - "Maturity"
Section23 - Calculating maturity of bill or note payable so many months after date or sight
Section24 - Calculating maturity of bill or note payable so many days after date or sight
Section25 - When day of maturity is a holiday
Chapter III
Section26 - Capacity to make, etc., promissory notes, etc.
Section27 - Agency
Section28 - Liability of agent signing
Section29 - Liability of legal representative signing
Section30 - Liability of drawer
Section31 - Liability of drawee of cheque
Section32 - Liability of maker of note and acceptor of bill
Section33 - Only drawee can be acceptor except in need or for honour
Section34 - Acceptance by several drawees not partners
Section35 - Liability of indorser
Section36 - Liability of prior parties to holder in due course
Section37 - Maker, drawer and acceptor principals
Section38 - Prior party a principal in respect of each subsequent party
Section39 - Suretyship
Section40 - Discharge of indorser's liability
Section41 - Acceptor bound, although indorsement forged
Section42 - Acceptance of bill drawn in fictitious name
Section43 - Negotiable instrument made, etc., without consideration
Section44 - Partial absence or failure of money-consideration
Section45 - Partial failure of consideration not consisting of money
Section45A - Holder's right to duplicate of lost bill
Chapter IV
Section46 - Delivery
Section47 - Negotiation by delivery
Section48 - Negotiation by indorsement
Section49 - Conversion of indorsement in blank into indorsement in full
Section50 - Effect of indorsement
Section51 - Who may negotiate
Section52 - Indorser who excludes his own liability or makes it conditional
Section53 - Holder deriving title from holder in due course
Section54 - Instrument indorsed in blank
Section55 - Conversion of indorsement in blank into indorsement in full
Section56 - Indorsement for part of sum due
Section58 - Legal representative cannot by delivery only negotiate instrument indorsed by deceased
Section58 - Instrument obtained by unlawful means or for unlawful consideration
Section59 - Instrument acquired after dishonour or when overdue
Section60 - Instrument negotiable till payment or satisfaction
Chapter V
Section61 - Presentment for acceptance
Section62 - Presentment of promissory note for sight
Section63 - Drawee's time for deliberation
Section64 - Presentment for payment
Section65 - Hours for presentment
Section66 - Presentment for payment of instrument payable after date or sight
Section67 - Presentment for payment of promissory note payable by instalments
Section68 - Presentment for payment of instrument payable at specified place and not elsewhere
Section69 - Instrument payable at specified place
Section70 - Presentment where no exclusive place specified
Section71 - Presentment when maker, etc., has no known place of business or residence
Section72 - Presentment of cheque to charge drawer
Section73 - Presentment of cheque to charge any other person
Section74 - Presentment of instrument payable on demand
Section75 - Presentment by or to agent, representative of deceased, or assignee of insolvent
Section75A - Excuse for delay in presentment for acceptance or payment
Section76 - When presentment unnecessary
Section77 - Liability of banker for negligently dealing with bill presented for payment
Chapter VI
Section78 - To whom payment should be made
Section79 - Interest when rate specified
Section80 - Interest when no rate specified
Section81 - Delivery of instrument on payment or indemnity in case of loss
Chapter VII
Section82 - Discharge from liability
Section83 - Discharge by allowing drawee more than forty-eight hours to accept
Section84 - When cheque not duly presented and drawer damaged thereby
Section85 - Cheque payable to order
Section85A - Drafts drawn by one branch of a bank on another payable to order
Section86 - Parties not consenting discharged by qualified or limited acceptance
Section87 - Effect of material alteration
Section88 - Acceptor or indorser bound notwithstanding previous alteration
Section89 - Payment of instrument on which alteration is not apparent
Section90 - Extinguishment of rights of action on bill in acceptor's hands
Chapter VIII
Section91 - Dishonour by non-acceptance
Section92 - Dishonour by non-payment
Section93 - By and to whom notice should be given
Section94 - Mode in which notice may be given
Section95 - Party receiving must transmit notice of dishonour
Section96 - Agent for presentment
Section97 - When party to whom notice given is dead
Section98 - When notice of dishonour is unnecessary
Chapter IX
Section99 - Noting
Section100 - Protest
Section101 - Contents of protest
Section102 - Notice of protest
Section103 - Protest for non-payment after dishonour by non-acceptance
Section104 - Protest of foreign bills
Section104A - When noting equivalent to protest
Chapter X
Section105 - Reasonable time
Section106 - Reasonable time of giving notice of dishonour
Section107 - Reasonable time for transmitting such notice
Chapter XI
Section108 - Acceptance for honour
Section109 - How acceptance for honour must be made
Section110 - Acceptance not specifying for whose honour it is made
Section111 - Liability of acceptor for honour
Section112 - When acceptor for honour may be charged
Section113 - Payment for honour
Section114 - Right of payer for honour
Section115 - Drawee in case of need
Section116 - Acceptance and payment without protest
Chapter XII
Section117 - Rules as to compensation
Chapter XIII
Section118 - Presumptions as to negotiable instruments
Section119 - Presumption on proof of protest
Section120 - Estoppel against denying original validity of instrument
Section121 - Estoppel against denying capacity of payee to indorse
Section122 - Estoppel against denying signature or capacity of prior party
Chapter XIV
Section123 - Cheque crossed generally
Section124 - Cheque crossed specially
Section125 - Crossing after issue
Section126 - Payment of cheque crossed generally
Section127 - Payment of cheque crossed specially more than once
Section128 - Payment in due course of crossed cheque
Section129 - Payment of crossed cheque out of due course
Section130 - Cheque bearing "not negotiable"
Section131 - Non-liability of banker receiving payment of cheque
Section131A - Application of Chapter to drafts
Chapter XV
Section132 - Set of bills
Section133 - Holder of first acquired part entitled to all
Chapter XVI
Section134 - Law governing liability of maker, acceptor or indorser of foreign instrument
Section135 - Law of place of payment governs dishonour
Section136 - Instrument made, etc., out of India, but in accordance with the law of India
Section137 - Presumption as to foreign law
Section138 - Dishonour of cheque for insufficiency, etc., of funds in the account
Section139 - Presumption in favour of holder
Section140 - Defence which may not be allowed in any prosecution under section 138
Section141 - Offences by companies
Section142 - Cognizance of offences
Section143 - Power of Court to try cases summarily
Section144 - Mode of service of summons
Section145 - Evidence on affidavit
Section146 - Bank's slip prima facie evidence of certain facts
Section147 - Offences to be compoundable
Amending Act1 - AMENDMENT ACT

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