NIL

The Negotiable Instruments Law (NIL) took effect on June 2, 1911 in India and has never been amended or changed since. It was copied from the American Uniform Negotiable Instruments law and governs relationships in certain financial instruments where a maker is the debtor obligated to pay and a payee is the creditor entitled to receive payment.

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NIL

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NIL - Law that has never been amended/change

Took effect on June 2, 1911

copied from American Uniform Negotiable Instruments law
maker-debtor
payee-creditor

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NIL

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NIL

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NIL - Law that has never been amended/change

Took effect on June 2, 1911

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