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Foundation Paper 2: BL | Topic: Ch7: The Negotiable Instruments Act, 1881 |
Session 1 | 14 Apr, 2025

ICAI CA Tube



Introduction to the Negotiable Instruments Act 1881



Negotiable Instruments Act 1881: Overview and Types



Negotiable Instruments: Types and the Negotiable Instruments Act



Understanding Treasury Bills and Bearer Debentures



Negotiable Instruments: Debentures, Railway Receipts, and Delivery Orders



Delivery Orders, Bills of Lading, and the Negotiable Instruments Act 1881



Special Law Prevails: The Hierarchy of Laws in India



Exceptions to the Negotiable Instruments Act in India



Negotiable Instruments Act 1881 & Legal Application

The Negotiable Instruments Act of 1881 governs financial instruments in
India, although it wasn’t actually put into effect until March 1st, 1882. Think
of it this way: the law was made in 1881 when it passed through parliament,
but it didn’t start applying to everyone until March 1st, 1882.



The Act primarily focuses on three key types of negotiable instruments:
promissory notes, bills of exchange, and checks. However, the video clarifies
that these arent all the negotiable instruments out there; many others exist

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