The Negotiable Instruments Act, 1881
147. Offences to be compoundable.
1[147. Offences to be compoundable.
Notwithstanding anything contained in the Code of Criminal Procedure, 1973, (2 of 1974.) every offence punishable under this Act shall be compoundable.]
OBJECTS AND REASONS OF AMENDING ACT OF 2002
Keeping in view the recommendations of the Standing Committee on Finance and other representations, it has been decided to bring out, inter alia, the following amendments in the Negotiable Instruments, Act, 1881, namely:-
(iv) to prescribe procedure for dispensing with preliminary evidence of the complainant
(v) to prescribe procedure for servicing of summons to the accused or withness by the Court through speed post or empanelled private couriers;
(vi) to provide summary trial of the cases under the Act with a view to speeding up disposal of cases;
(vii) to make the offences under the Act compoundable;
1. Section 143 to 147 ins. by Act 55 of 2002, sec. 10 (w.e.f. 6-2-2003).