1881 UNDER SECTION 138 OF THE ACT

The Negotiable Instruments (Amendment) Bill, 2017 was introduced in Lok Sabha on January 2, 2018. It seeks to amend the Negotiable Instruments Act, 1881. The Negotiable Instrument Act, 1881, defines promissory notes, bills of exchange, and cheques. It also specifies penalties for bouncing of cheques, and other violations with respect to such negotiable instruments. It focused on clarifying the jurisdiction related issues for filing cases for offence committed under Section 138 of the Act.

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