Category of Bare Act | Name of the Act | Year of Promulgation |
---|---|---|
Criminal Laws | Negotiable Instruments Act | 1881 |
Act Number | Enactment Date | Chapter Number |
26 | 09.12.1881 | 2 |
Chapter Title | Ministry | Department |
Of Notes, Bills and Cheques | Ministry of Finance | Department of Financial Services |
In a promissory note or bill of exchange the expressions “at sight” and “on presentment” means on demand. The expression “after sight” means, in a promissory note, after presentment for sight, and, in a bill of exchange after acceptance, or noting for non-acceptance, or nothing for non-acceptance, or protest for non-acceptance.