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of <h1>Understanding India's Negotiable Instruments Act, 1881: Key Provisions for Promissory Notes, Bills of Exchange, and Cheques</h1> The Negotiable Instruments Act, 1881, defines and amends the law concerning promissory notes, bills of exchange, and cheques in India. It applies throughout India without affecting the Indian Paper Currency Act, 1871, or local practices related to instruments in oriental languages. However, such local usages can be overridden if the instrument explicitly states that the legal relations of the parties are governed by this Act. The Act came into effect on March 1, 1882.
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