The smooth functioning of trade, commerce, and banking relies heavily on trust and certainty in financial transactions. Negotiable instruments such as cheques, promissory notes, and bills of exchange have long served as the backbone of this system by ensuring reliability, transferability, and legal protection in monetary dealings. The Negotiable Instruments Act, 1881 continues to be one of the most significant legislations governing such instruments in India.
This book has been written with the objective of providing a clear, simple, and comprehensive understanding of the provisions of the Act. Each section has been explained in the simplified words and with examples to help readers grasp not only the legal terminology but also its practical meaning and application.
The work is designed for students, academicians, and practitioners alike. For students, it will serve as a helpful guide in their academic journey. For professionals, it aims to refresh and simplify the concepts for practical use. The book emphasises important sections and practical aspects rather than overloading the reader with unnecessary technicalities, making the subject more approachable.
Contents –
Module 1: Negotiable Instruments
1. Negotiable Instruments
2. Promissory Notes and Bills of Exchange
Module 2: Cheques and Delivery
3. Cheque
4. Delivery
Module 3: Presentment and Discharge of Liability
5. Presentment
6. Discharge of Liability
Module 4: Miscellaneous Provisions and Protest
7. Miscellaneous Provisions
8. Protest
The Negotiable Instruments (Amendment) Act, 2015
