NEGOTIABLE INSTRUMENTS ACT, 1881 - Main NEGOTIABLE INSTRUMENTS ACT, 1881:

Preamble 1 - NEGOTIABLE INSTRUMENTS ACT, 1881 Chapter I Section 1 - Short title Section 2 - Repeal of enactments Section 3 - Interpretation clause Chapter II Section 4 - "Promissory note" Section 5 - "Bill of exchange" Section 6 - "Cheque" Section 7 - "Drawer", "drawee" Section 8 - "Holder" Section 9 - "Holder in due course" Section 10 - "Payment in due course" Section 11 - "Inland instrument" Section 12 - "Foreign instrument." Section 13 - "Negotiable instrument" Section 14 - Negotiation Section 15 - Indorsement Section 16 - Indorsement "in blank" and "in full"--"Indorsee" Section 17 - Ambiguous instruments Section 18 - Where amount is stated differently in figures and words Section 19 - Instruments payable on demand Section 20 - Inchoate stamped instruments Section 21 - "At sight", "On presentment", "After sight" Section 22 - "Maturity" Section 23 - Calculating maturity of bill or note payable so many months after date or sight Section 24 - Calculating maturity of bill or note payable so many days after date or sight Section 25 - When day of maturity is a holiday Chapter III Section 26 - Capacity to make, etc., promissory notes, etc. Section 27 - Agency Section 28 - Liability of agent signing Section 29 - Liability of legal representative signing Section 30 - Liability of drawer Section 31 - Liability of drawee of cheque Section 32 - Liability of maker of note and acceptor of bill Section 33 - Only drawee can be acceptor except in need or for honour Section 34 - Acceptance by several drawees not partners Section 35 - Liability of indorser

Section 36 - Liability of prior parties to holder in due course Section 37 - Maker, drawer and acceptor principals Section 38 - Prior party a principal in respect of each subsequent party Section 39 - Suretyship Section 40 - Discharge of indorser's liability Section 41 - Acceptor bound, although indorsement forged Section 42 - Acceptance of bill drawn in fictitious name Section 43 - Negotiable instrument made, etc., without consideration Section 44 - Partial absence or failure of money-consideration Section 45 - Partial failure of consideration not consisting of money Section 45A - Holder's right to duplicate of lost bill Chapter IV Section 46 - Delivery Section 47 - Negotiation by delivery Section 48 - Negotiation by indorsement Section 49 - Conversion of indorsement in blank into indorsement in full Section 50 - Effect of indorsement Section 51 - Who may negotiate Section 52 - Indorser who excludes his own liability or makes it conditional Section 53 - Holder deriving title from holder in due course Section 54 - Instrument indorsed in blank Section 55 - Conversion of indorsement in blank into indorsement in full Section 56 - Indorsement for part of sum due Section 58 - Legal representative cannot by delivery only negotiate instrument indorsed by deceased Section 58 - Instrument obtained by unlawful means or for unlawful consideration Section 59 - Instrument acquired after dishonour or when overdue Section 60 - Instrument negotiable till payment or satisfaction Chapter V Section 61 - Presentment for acceptance Section 62 - Presentment of promissory note for sight Section 63 - Drawee's time for deliberation Section 64 - Presentment for payment Section 65 - Hours for presentment Section 66 - Presentment for payment of instrument payable after date or sight Section 67 - Presentment for payment of promissory note payable by instalments Section 68 - Presentment for payment of instrument payable at specified place and not elsewhere Section 69 - Instrument payable at specified place Section 70 - Presentment where no exclusive place specified Section 71 - Presentment when maker, etc., has no known place of business or residence Section 72 - Presentment of cheque to charge drawer Section 73 - Presentment of cheque to charge any other person Section 74 - Presentment of instrument payable on demand Section 75 - Presentment by or to agent, representative of deceased, or assignee of insolvent Section 75A - Excuse for delay in presentment for acceptance or payment

Section 76 - When presentment unnecessary Section 77 - Liability of banker for negligently dealing with bill presented for payment Chapter VI Section 78 - To whom payment should be made Section 79 - Interest when rate specified Section 80 - Interest when no rate specified Section 81 - Delivery of instrument on payment or indemnity in case of loss Chapter VII Section 82 - Discharge from liability Section 83 - Discharge by allowing drawee more than forty-eight hours to accept Section 84 - When cheque not duly presented and drawer damaged thereby Section 85 - Cheque payable to order Section 85A - Drafts drawn by one branch of a bank on another payable to order Section 86 - Parties not consenting discharged by qualified or limited acceptance Section 87 - Effect of material alteration Section 88 - Acceptor or indorser bound notwithstanding previous alteration Section 89 - Payment of instrument on which alteration is not apparent Section 90 - Extinguishment of rights of action on bill in acceptor's hands Chapter VIII Section 91 - Dishonour by non-acceptance Section 92 - Dishonour by non-payment Section 93 - By and to whom notice should be given Section 94 - Mode in which notice may be given Section 95 - Party receiving must transmit notice of dishonour Section 96 - Agent for presentment Section 97 - When party to whom notice given is dead Section 98 - When notice of dishonour is unnecessary Chapter IX Section 99 - Noting Section 100 - Protest Section 101 - Contents of protest Section 102 - Notice of protest Section 103 - Protest for non-payment after dishonour by non-acceptance Section 104 - Protest of foreign bills Section 104A - When noting equivalent to protest Chapter X Section 105 - Reasonable time Section 106 - Reasonable time of giving notice of dishonour Section 107 - Reasonable time for transmitting such notice Chapter XI Section 108 - Acceptance for honour Section 109 - How acceptance for honour must be made Section 110 - Acceptance not specifying for whose honour it is made

Section 111 - Liability of acceptor for honour Section 112 - When acceptor for honour may be charged Section 113 - Payment for honour Section 114 - Right of payer for honour Section 115 - Drawee in case of need Section 116 - Acceptance and payment without protest Chapter XII Section 117 - Rules as to compensation Chapter XIII Section 118 - Presumptions as to negotiable instruments Section 119 - Presumption on proof of protest Section 120 - Estoppel against denying original validity of instrument Section 121 - Estoppel against denying capacity of payee to indorse Section 122 - Estoppel against denying signature or capacity of prior party Chapter XIV Section 123 - Cheque crossed generally Section 124 - Cheque crossed specially Section 125 - Crossing after issue Section 126 - Payment of cheque crossed generally Section 127 - Payment of cheque crossed specially more than once Section 128 - Payment in due course of crossed cheque Section 129 - Payment of crossed cheque out of due course Section 130 - Cheque bearing "not negotiable" Section 131 - Non-liability of banker receiving payment of cheque Section 131A - Application of Chapter to drafts Chapter XV Section 132 - Set of bills Section 133 - Holder of first acquired part entitled to all Chapter XVI Section 134 - Law governing liability of maker, acceptor or indorser of foreign instrument Section 135 - Law of place of payment governs dishonour Section 136 - Instrument made, etc., out of India, but in accordance with the law of India Section 137 - Presumption as to foreign law Chapter XVII - OF PENALTIES IN CASE OF DISHONOUR OF CERTAIN CHEQUES FOR INSUFFICIENCY OF FUNDS IN THE ACCOUNTS Section 138 - Dishonour of cheque for insufficiency, etc., of funds in the account Section 139 - Presumption in favour of holder Section 140 - Defence which may not be allowed in any prosecution under section 138 Section 141 - Offences by companies Section 142 - Cognizance of offences Section 143 - Power of Court to try cases summarily Section 144 - Mode of service of summons

Section 145 - Evidence on affidavit Section 146 - Bank's slip prima facie evidence of certain facts Section 147 - Offences to be compoundable Schedule 1 - SCHEDULE [REPEALED] Amending Act 1 - AMENDMENT ACT