{"id":31091,"date":"2015-12-30T15:36:02","date_gmt":"2015-12-30T10:06:02","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=31091"},"modified":"2016-01-15T18:45:26","modified_gmt":"2016-01-15T13:15:26","slug":"the-negotiable-instruments-amendment-act-2015","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2015\/12\/30\/the-negotiable-instruments-amendment-act-2015\/","title":{"rendered":"The Negotiable Instruments (Amendment) Act, 2015"},"content":{"rendered":"

The Negotiable Instruments (Amendment) Act, 2015 though received the assent of the President on 26th<\/sup> December 2016, shall be deemed to have come into force on 15th<\/sup> June 2015 thereby giving retrospective effect to the enactment. The Act seeks to amend the Negotiable Instruments Act, 1881 and repeal The Negotiable Instruments (Amendment) Second Ordinance, 2015.<\/p>\n

Various provisions of the Principal Act have been altered i.e. Section 6(a) has been amended to include terms such as electronic signature and computer resource, Section 142 has been modified to include sub section (2) which defines the Court under whose local jurisdiction the offence under section 138 shall be tried as (a) if the cheque is delivered for collection through an account, the branch of the bank where the payee or holder in due, maintains he account, is situated or (b) if the cheque is presented for payment by the payee or holder in due course, otherwise through an account, the branch of the drawee bank where the drawer maintains the account, is situated and Section 142A is added prescribing the validation for transfer of pending cases.<\/p>\n

\u00a0-Ministry of Law & Justice<\/strong><\/p>\n

See\u00a0The Negotiable Instruments (Amendment) Ordinance, 2015<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Negotiable Instruments (Amendment) Act, 2015 though received the assent of the President on 26th December 2016, shall be deemed to have <\/p>\n","protected":false},"author":3,"featured_media":29761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,13],"tags":[],"class_list":["post-31091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-statutes"],"yoast_head":"\nThe Negotiable Instruments (Amendment) Act, 2015 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2015\/12\/30\/the-negotiable-instruments-amendment-act-2015\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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The Bill modifies the definition\u2026","rel":"","context":"In "Foreign Legislation"","block_context":{"text":"Foreign Legislation","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/foreign\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/08\/parliamentSM.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/08\/parliamentSM.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/08\/parliamentSM.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/08\/parliamentSM.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/08\/parliamentSM.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/08\/parliamentSM.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":223585,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/25\/madras-hc-s-1422-of-negotiable-instruments-amendment-act-2015-not-ultra-vires-of-art-14-of-constitution-legislation-can-take-away-the-basis-of-a-judgment\/","url_meta":{"origin":31091,"position":3},"title":"Madras HC | S. 142(2) of Negotiable Instruments Amendment Act, 2015 — not ultra vires of Art. 14 of Constitution; Legislation can take away the basis of a Judgment","author":"Bhumika Indulia","date":"December 25, 2019","format":false,"excerpt":"Madras High Court: A Division Bench of A.P. Sahi, CJ and Subramonium Prasad, J., while deciding a petition filed in regard to declaring Section 142(2) of the Negotiable Instruments Act, 1881 as ultra vires Article 14 of Constitution, held by placing reliance on certain cases that, \u201cParliament is competent to\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28111,"url":"https:\/\/www.scconline.com\/blog\/post\/2015\/12\/03\/section-142a-of-ni-act-1881-gives-retrospectivity-to-section-142-of-the-act\/","url_meta":{"origin":31091,"position":4},"title":"Section 142A of NI Act, 1881 gives retrospectivity to Section 142 of the Act","author":"Sucheta","date":"December 3, 2015","format":false,"excerpt":"Supreme Court: Dealing with the nature of Sections 142 and 142A of the Negotiable Instrument Act, 1881, the Court held that Section 142(2)(a), amended through the Negotiable Instruments (Amendment) Second Ordinance, 2015, vests jurisdiction for initiating proceedings for the offence under Section 138 of the Negotiable Instruments Act, inter alia\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":31121,"url":"https:\/\/www.scconline.com\/blog\/post\/2015\/12\/30\/10-substantial-legislationsbills-notifications-of-2015\/","url_meta":{"origin":31091,"position":5},"title":"10 Substantial Legislations\/Bills\/ Notifications of 2015","author":"Sucheta","date":"December 30, 2015","format":false,"excerpt":"The Negotiable Instruments (Amendment) Act, 2015 \u00a0The Negotiable Instruments (Amendment) Act, 2015, which seeks to amend the Negotiable Instruments Act, 1881 and repeal The Negotiable Instruments (Amendment) Second Ordinance, 2015 received the assent of the President on 26th December 2016. 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