Negotiable Instrument Act

Employees’ Pension Scheme, 1995 (Section 6A) : Before the introduction of this new Pension Scheme, social security measures available to employees were inadequate for they did not provide for monthly pension […]

Rules of Compensation : Under Section 117 of the Act, the compensation payable in case of dishonour of a promissory note, bill of exchange, or cheque, by any party liable to […]

Employees’ Provident Funds Scheme,1952 (Section 5) : The Central Government may, by notification in the Official Gazette, frame a scheme to be called Employees’ Provident Funds Scheme,1952 for the employees or […]

Payment and Interest : (a) To whom payment should be made (Section 78): Payment of the amount due on a promissory note, bill of exchange or cheque must, in order to […]

International Law regarding Negotiable Instrument : In the absence of a contract to the contrary (i.e., unless the parties otherwise agree), the liability of the maker or drawer of a foreign […]

Different Types of Hundis : The most common types of hundis are the following: (i) Shah Jog Hundi:- In this case, apart from a drawer and a drawee, there is […]