Section 123 – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

123. Cheque crossed generally

 

Where a cheque bears across its face an addition of the words “and company” or any abbreviation thereof, between two parallel transverse lines, or of two parallel transverse lines simply, either with or without the words “not negotiable”. That addition shall be deemed a crossing, and the cheque shall be deemed to be crossed generally.

 

 

Previous | Next

 

The Negotiable Instruments Act, 1881

 

Indian Laws – Bare Acts

Leave a Comment

Your email address will not be published. Required fields are marked *