Description
taxmann Negotiable Instruments Act 1881 – Bare Act with Section Notes by Taxmann's Editorial Board
Negotiable Instruments (NI) Act 1881 [Bare Act with Section Notes ] by Taxmann is a meticulously updated and comprehensive resource that presents the statutory provisions of the NI Act, along with succinct yet insightful notes for each section. This book has been curated to cater to the evolving needs of professionals, academics, and students who require an authoritative and reliable reference on the law governing negotiable instruments—particularly promissory notes, bills of exchange, and cheques—in India. Through its clear layout and organised presentation, the volume offers readers the complete text of the law in force as of 2025, capturing the latest amendments and relevant clarifications. Each section is followed by notes highlighting key interpretations, underlying principles, and practical nuances. The inclusion of important definitions, illustrations, and cross-references throughout the text makes this Bare Act not only a legislative document but also a user-friendly guide for practical application.
This book is intended for the following audience:
Legal Practitioners & Judges – Lawyers, advocates, legal consultants, and judicial officers who handle cases pertaining to cheque dishonour, promissory notes, and other negotiable instruments
Corporate & Finance Professionals – Bankers, accountants, company secretaries, and finance executives dealing with compliance, drafting, or review of financial instruments
Academicians & Law Students – Professors, researchers, and students of law who require a reliable text for detailed study and reference in courses involving business law, commercial law, or banking law
Business Owners & Entrepreneurs – Individuals and MSMEs needing guidance on the legalities and liabilities involved in issuing or receiving negotiable instruments, including cheques
The Present Publication is the 2025 Edition, covering the amended and updated text of the Negotiable Instruments Act [Act No. 26 of 1881 ], with the following noteworthy features:
[Authoritative Text] Presents the statutory language of the Negotiable Instruments Act 1881, as updated for the year 2025
[Section Notes] Offers succinct notes following each section to clarify legal concepts, definitions, and procedural requirements—making it easier for readers to interpret and apply the law
[Updated Provisions] Incorporates all significant amendments up to 2025, including references to electronic transactions, truncated cheques, and digital signatures, ensuring contemporary relevance
[Pre-amendment Provisions] Incorporates the text of provisions as they existed prior to the amendment in the respective amendment footnotes, enabling the reader to understand the legal position before the amendment and its applicability during the pre-amendment period
[Subject Index] Equipped with a comprehensive subject index that allows quick navigation across sections and topics, improving user-friendliness
[User-friendly Layout] The well-structured format, with clear headings and subheadings, ensures effortless cross-referencing and reading comfort
The structure of the book is as follows:
Bare Act Text – Arranged Chapter-wise
Section Notes/Commentary – Follow each statutory provision, clarifying crucial points, definitions, and references to clarifying illustrations or explanations
Subject Index – A complete alphabetical index to facilitate quick reference by keywords and topics