Friday 12 June 2015

Union Cabinet approved proposal to promulgate the Negotiable Instruments (Amendment) Ordinance



The Union Cabinet, chaired by the Prime Minister Narendra Modi, on 10 June 2015 gave its approval for the proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015.

The intended ordinance will amend the Negotiable Instruments Act, 1881 (The NI Act) that is focused on clarifying the jurisdiction related issues for filing cases for offence committed under section 138 of the NI Act.

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