| LAW RELATING TO DISHONOUR OF CHEQUES IN | | | | Instruments laws (amendment) Act, which came into |
| INDIA | | | | force from 01-04-1989. The introduction of Chapter |
| INTRODUCTION: | | | | XVII i.e., sections 138 to 142 of the Negotiable |
| The Negotiable Instruments Act, 1881 is an Act to | | | | Instruments Act, for the prosecutions relating to the |
| define the law relating to promissory notes, bills of | | | | offences of dishonour of cheques. |
| exchange and cheques. This Act has been amended | | | | The dishonour of cheques became popular and |
| several times commencing from 1885 till 2002. The | | | | frequent in courts of law and the law relating to the |
| most important amendment is by Act 66 of 1988 | | | | same developed in such a rapid pace covering almost |
| and by virtue of chapter XVII was introduced by the | | | | several aspects which may arise in the day to day |
| Banking, Public Financial Institutions and Negotiable | | | | disposal of such cases by the courts. |