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Negotiable Instruments Act, 1881

Section 49, NI Act: Conversion of indorsement in blank into indorsement in full

Pundora · Published 3 October 2026

Section 49 of the Negotiable Instruments Act, 1881, in the Act's own words.

The section

49. Conversion of indorsement in blank into indorsement in full.

The holder of a negotiable instrument indorsed in blank may, without signing his own name, by writing above the indorser's signature a direction to pay to any other person as indorsee, convert the indorsement in blank into an indorsement in full; and the holder does not thereby incur the responsibility of an indorser.

The text is India Code's consolidated text as loaded into Pundora's statute corpus on 1 September 2026. A section quoted in a draft checked by Pundora is checked against this text.

Sources

  1. India Code: Negotiable Instruments Act, 1881, section 49 (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.