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Negotiable Instruments Act, 1881

Section 48, NI Act: Negotiation by indorsement

Pundora · Published 3 October 2026

Section 48 of the Negotiable Instruments Act, 1881, in the Act's own words.

The section

48. Negotiation by indorsement.

Subject to the provisions of section 58, a promissory note, bill of exchange or cheque 1[payable to order], is negotiable by the holder by indorsement and delivery thereof

The text is India Code's consolidated text as loaded into Pundora's statute corpus on 1 September 2026; a number before a square bracket is India Code's own footnote marker for an amendment. A section quoted in a draft checked by Pundora is checked against this text.

Sources

  1. India Code: Negotiable Instruments Act, 1881, section 48 (read 1 September 2026)

The Act's own words, from India Code. If the text here differs from the Gazette, the Gazette governs; write to contact@pundora.in and it will be corrected and dated.