Negotiable Instruments Act 01 Preliminary

A 'Bare act' is the actual legislation passed by the Parliament of India. Generally, an act sets out the high level legal and policy principles applicable to the subject matter of the law.

Most acts are accompanied by 'subsidiary legislation' such as rules, regulations, notifications and orders; which address the actual implementation detail of the act.

Negotiable Instruments Act, 1881

Chapter – NIA 01 Preliminary
Chapter – NIA 02 Of Notes Bills and Cheques
Chapter – NIA 03 Parties to Notes Bills and Cheques
Chapter – NIA 04 Of Negotiation
Chapter – NIA 05 Of Presentment
Chapter – NIA 06 Of Payment and Interest
Chapter – NIA 07 Of Discharge from Liability on Notes Bills and Cheques
Chapter – NIA 08 Of Notice of Dishonour
Chapter – NIA 09 Of Noting and Protest
Chapter – NIA 10 Of Reasonable Time
Chapter – NIA 11 Of Acceptance and Payment for Honour and Reference in Case of Need
Chapter – NIA 12 Of Compensation
Chapter – NIA 13 Special Rules of Evidence
Chapter – NIA 14 Of Crossed Cheques
Chapter – NIA 15 Of Bills in Sets
Chapter – NIA 16 Of International Law
Chapter – NIA 17 Of Penalties in Case of Dishonour of Certain Cheques for Insufficiency of Funds in the Accounts


An Act to define and amend the law relating to Promissory Notes, Bills of Exchange and Cheques.

WHEREAS it is expedient to define and amend the law relating to, promissory notes, bills of exchange and cheques; It is hereby enacted as follows:

Chapter I – Preliminary

Section 1 – Short title

This Act may be called the Negotiable Instruments Act, 1881. Local extent. Saving of usages relating to hundis, etc. It extends to the whole of India but nothing herein contained affects the ‘Indian Paper Currency Act, 1871, (3 of 1871). section 21, or affects any local usage relating to any instrument in an oriental language: Provided that such usages may be excluded by any words in the body of the instrument which indicate an intention that the legal relations of the parties thereto shall be governed by this Act and it shall come into force on the first day of March, 1882.

Section 2 – Commencement

[Repeal of enactments.]

Section 3 – Interpretation – clause

In this Act – “banker” includes any person acting as a banker and any post office savings bank;

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Negotiable Instruments Act Chapter 01 Preliminary Bare Act