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Amendment in Negotiable Instrument Act

Dated:- 24-7-2015 - The President of India has promulgated the Negotiable Instruments (Amendment) Ordinance, 2015 (No.6 of 2015) on 15th June, 2015. The Ordinance provides for determination of territorial jurisdiction of courts for trying cases relating to offence of dishonour of cheques under Section 138 of the Negotiable Instruments Act, 1881 (NI Act). The Ordinance has amended the NI Act to, inter-alia, stipulate the follow: Filing of cases only in a court within whose local jurisdiction the .....

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