NIA 125 — Crossing after issue

Negotiable Instruments Act, 1881

Statutory text

Where a  cheque  is  uncrossed,  the  holder  may  cross  it  generally  or specially.
Where a cheque is crossed generally, the holder may cross it specially.
Where a cheque is crossed generally, or specially, the holder may add the words “not negotiable”.
Where a cheque is crossed specially, the banker to whom it is crossed may again cross it specially to another banker, his agent, for collection.

Back to NIA