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bills of exchange


17 February 2009 As per negotiable instrument act a bill can be accepted before its due date and also it can be subsequently endorsed without acceptance.My doubt is if the drawer of the bill needs it to be discounted with the bank ,when the bill shall be accepted and such bill can be endorsed or not

17 February 2009 Bills discounted has been prohibited by reserve bank of India.

18 February 2009 then whats the purpose of having bills of exchange, if they are prohibited...




18 February 2009 "Discounting" of bills of exchange is prohibited.
Bills of exchange are not prohibited

19 February 2009



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