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The Negotiable Instrument Act has been amended on a timely basis to eliminate the discrepancies or any such hurdles that would reduce the efficiency of the Negotiable Instruments Act. The amendments of 2002 have introduced new sections from Section 143 to Section 147 that has widened the scope and diminished the limitation of the parent Act. The need for such amendments was to reduce the cases of dishonoring cheques by introducing penal provisions by the stringent implementation of laws. The introduction of five new sections and the Amendment Act was brought into force on Feb 6, 2002. The Sections come under Chapter XVII that was primarily for penal provisions as the person can be charged with offenses for dishonoring the cheques in case of deficiency of funds.
The "equity theory" of motivation, proposed by J. Stacy Adams, suggests that individuals compare their input-outcome ratio with that of others to determ...
What is the purpose of the Negotiable Instruments Act, 1881?
What term is used to describe the financial metric that represents the difference between a company's current assets and its current liabilities, to eva...
In the Tandon Committee Method, what is the maximum permissible bank finance (MPBF) calculated as?
According to the Reserve Bank of India's data from 2024, how much did net FDI in India amount to during the period from April 2023 to February 2024?
Which of the following services is typically offered by merchant banks but not by traditional commercial banks?
What is the maximum loan-to-value (LTV) ratio allowed for loans sanctioned by banks against the pledge of gold ornaments and jewellery for non-agricultu...
What does the Cash Budget Method primarily help in determining?
Regarding the National Career Service Project, consider the following statements:
1. It is a government-run recruitment agency.
In cost accounting, there are various methods used to assign costs to different segments of a business. The allotment of whole items of cost to cost cen...