Question

The number of sections in the Negotiable Instrument Act

• A. 148 sections
• B. 125 sections
• C. 160 sections
• D. 175 sections

Answer 1

Answer:

A. 148 sections

NEGOTIABLE INSTRUMENT:

• The Negotiable Instrument Act : 1881 

• The NI Act was passed on : 9 Dec 1881 

• The NI Act was called : Act No 26

• The NI Act was came into force on : 1st March 1882

• There are 148 sections in NI Act (Sec - 148 added in 2018)

• NI Act is applicable to the entire Country of India