Amendment in Negotiable Instruments Act 1881 made in 1988 has introduced an important provision relating to:
Verified Answer
A. easy negotiability
B. dishonour of cheque
C. bank draft
D. privileges of holder in due course
Explanation:
The Banking, Public Financial Institutions and Negotiable Instruments Laws (Amendment) Act, 1988, introduced Chapter XVII (Sections 138 to 142) into the Negotiable Instruments Act, 1881, dealing specifically with penalties for dishonour of certain cheques for insufficiency of funds.