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THE NEGOTIABLE INSTRUMENTS (AMENDMENT) ACT, 2015 NO. 26 OF 2015

News and Press Release - Dated:- 30-12-2015 - MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 29th December, 2015/Pausha 8, 1937 (Saka) The following Act of Parliament received the assent of the President on the 26th December, 201 .....

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cement. 1. (1) This Act may be called the Negotiable Instruments (Amendment) Act, 2015. (2) It shall be deemed to have come into force on the 15th day of June, 2015. Amendment of section 6. 2. In the Negotiable Instruments Act, 1881 (26 of 1881)(here .....

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resource and signed in a secure system with digital signature (with or without biometrics signature) and asymmetric crypto system or with electronic signature, as the case may be;'; (ii) after Explanation II, the following Explanation shall be i .....

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o them in the Information Technology Act, 2000.( 21 of 2000)'. Amendment of section 142. 3. In the principal Act, section 142 shall be numbered as sub-section (1) thereof and after sub-section (1) as so numbered, the following sub-section shall b .....

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er in due course, as the case may be, maintains the account, is situated; or (b) if the cheque is presented for payment by the payee or holder in due course, otherwise through an account, the branch of the drawee bank where the drawer maintains the a .....

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bank in which the payee or holder in due course, as the case may be, maintains the account. . Insertion of new section 142A 4. In the principal Act, after section 142, the following section shall be inserted, namely:- Validation for transfer of pend .....

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n 142, as amended by the Negotiable Instruments (Amendment) Ordinance, 2015, shall be deemed to have been transferred under this Act, as if that sub-section had been in force at all material times. (2) Notwithstanding anything contained in sub-sectio .....

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transferred to that court under sub-section (1) and such complaint is pending in that court, all subsequent complaints arising out of section 138 against the same drawer shall be filed before the same court irrespective of whether those cheques were .....

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