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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.
By rule of the thumb
In the following questions, four alternatives are given for the idioms/phrases. Choose the one which best expresses the meaning of the given idiom/phra...
Fill in the blank given below using the correct idiom.
The team worked tirelessly to meet the deadline, but the unexpected technical issues ...
In each question, four alternatives are given for the Idiom / Phrase highlighted in the sentence. Choose the alternative which best expresses the meani...
Crocodile tears
Ask for or request earnestly
The bee’s knees
No community is likely to sell the cat by making gratuitous concessions on this issue.
Do not run down your friends in public.
...Bad blood