{"id":7203,"date":"2015-05-21T10:05:00","date_gmt":"2015-05-21T10:05:00","guid":{"rendered":"http:\/\/localhost\/sccblog\/?p=7203"},"modified":"2015-11-03T11:43:18","modified_gmt":"2015-11-03T06:13:18","slug":"negotiable-instruments-amendment-bill-2015","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2015\/05\/21\/negotiable-instruments-amendment-bill-2015\/","title":{"rendered":"Negotiable Instruments (Amendment) Bill, 2015"},"content":{"rendered":"<p style=\"text-align: justify;\">On 06.05.2015, the Negotiable Instruments (Amendment) Bill, 2015 was introduced in Lok Sabha. The objective of the Bill is to amend the provisions of Negotiable Instruments Act, 1881, for speedy disposal of cases relating to dishonour of cheque and proposes following amendment:<\/p>\n<ul style=\"text-align: justify;\" type=\"disc\">\n<li>Substitutes Section 6, Explanation I, clause (a) with following clause:<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">(a) \u2018\u2018a cheque in the electronic form\u201d means a cheque drawn in electronic \u00a0medium by using any computer resource and signed in a secure system with digital signature (with or without biometrics signature) and asymmetric cryptosystem or electronic signature, as the case may be<\/p>\n<ul style=\"text-align: justify;\" type=\"disc\">\n<li>Inserts Explanation III after Explanation II as \u201cthe expressions used in this section shall have the same meanings as assigned to those expressions in the Information Technology Act, 2000\u201d<\/li>\n<li>Inserts Section 142 (2) which provides that the offence under Section 138 shall be inquired into and tried only by a court within whose local jurisdiction the bank branch of the payee, where the payee presents the cheque for payment, is situated<\/li>\n<li>Inserts a new Section 142 A, which provides that\u00a0 notwithstanding anything contained in the Code of Criminal Procedure, 1973 or any judgment, decree, order or directions of any court, all cases arising out of Section 138 which were pending in any court, whether filed before it, or transferred to it, before the commencement of the Negotiable Instruments (Amendment) Act, 2015, shall be transferred to the court having jurisdiction under sub-section (2) of section 142 as if that sub-section had been in force at all material times.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\" align=\"right\"><b>-Lok Sabha<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 06.05.2015, the Negotiable Instruments (Amendment) Bill, 2015 was introduced in Lok Sabha. The objective of the Bill is to amend the <\/p>\n","protected":false},"author":3,"featured_media":22531,"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-7203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-statutes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Negotiable Instruments (Amendment) Bill, 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\/05\/21\/negotiable-instruments-amendment-bill-2015\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Negotiable Instruments (Amendment) Bill, 2015\" \/>\n<meta property=\"og:description\" content=\"On 06.05.2015, the Negotiable Instruments (Amendment) Bill, 2015 was introduced in Lok Sabha. 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The objective of the Ordinance is to amend the provisions of Negotiable Instruments Act, 1881, for speedy disposal of cases relating to dishonour of cheque. 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The Bill seeks to amend the Negotiable Instrument Act, 1881 and replace the Negotiable Instruments (Amendment) Ordinance, 2015 promulgated on 15.6.2015. The Bill modifies the definition\u2026","rel":"","context":"In &quot;Foreign Legislation&quot;","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":31091,"url":"https:\/\/www.scconline.com\/blog\/post\/2015\/12\/30\/the-negotiable-instruments-amendment-act-2015\/","url_meta":{"origin":7203,"position":2},"title":"The Negotiable Instruments (Amendment) Act, 2015","author":"Sucheta","date":"December 30, 2015","format":false,"excerpt":"The Negotiable Instruments (Amendment) Act, 2015 though received the assent of the President on 26th December 2016, shall be deemed to have come into force on 15th June 2015 thereby giving retrospective effect to the enactment. 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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 &quot;Case Briefs&quot;","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":7203,"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 &quot;Case Briefs&quot;","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":302661,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/09\/29\/prima-facie-evidence-undated-cheque-security-in-dishonor-of-cheque-case-calcutta-hc-scc-blog\/","url_meta":{"origin":7203,"position":5},"title":"&#8216;Need to interpret Section 138 in a manner that preserves the law\u2019s efficacy&#8217;: Calcutta High Court sets aside conviction","author":"Ritu","date":"September 29, 2023","format":false,"excerpt":"In the instant matter of cheque bounce, on the date of presentation of the cheque, the company which allegedly issued the cheque was no more existence.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"calcutta high court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/calcutta-high-court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/calcutta-high-court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/calcutta-high-court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/calcutta-high-court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/7203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=7203"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/7203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/22531"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=7203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=7203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=7203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}