Db Leger true relay fo rendomenuK- % wold eae es eouAe— “UW Be Speeral cromed cheque tm Brmrw endemement B Cows facuttabre endome nt wy e wege beble fe rot os Negotiable Instruments NI Act. 1881 came into force o ter liberation it was adapted through Bangladesh Bank Order - 127). Originally there were 141 sections. As the section 2 & 139 have been repealed through Amendment, present number of section of the Act. is 139. ar WL Ax 183/ Definition of Negotiable Instruments: section 3%atesas uncer: ‘A “Negotiable Instrument” means a promissory note, Bill of Exchange, or = cheque payable ‘cither to otter or bearer. a WCMICR choane\ . Prom ¥) CRE, SETk. 10,000/- Dhaka Bill of Exchange of May 2, 2010 Please pay Tarun or (to his) order the st raka Ten thousand only for value received. = —— To oe ‘Stamp Sameer Address: YO: JANATA BANK LTD, LOCAL. Mercantile Bank Limited jeer tah et west i The Sunotteka: Ft va. Zhe ly : : (MO. TANVIR AHMED ar 2r00863725. MOSUSBOR" 4u027S353H 0412400553725" 10vange or cheque is transferred to any person so feat person the holder thereof, the instrument is said to be FCAT ANY | aga ama Fav oO Promissory Note: Ke AA Section 4 states as under: “VIS KC A" promissory note” is an instrument in writing (not being a bank-note or a currency-note) n uncondition’ faking, signed by the maker, to pay a certain si ey only to, or to the order of, a certain person, or to the bearer of the instrument. TT Characteristics: a It must be written undertaking. ‘The maker must sign. a Q The amount payable must be specific(certain).. ) Payee of the note must be specific. , a a a orang It should be stampe It must be an undertaking t ‘aoe vee)