heyy guys,
cn any1 explain why d Promissory Note is not payable on demand as per Negotiable Instrunment Act 1881
Menu
Negotiable Instrunment Act 1881
Replies (4)
hey dude nice question
plz tell me also when u get the answer of this question
PROMISSORY NOTE IS -AN instrument in writting ( NOT BANK NOTE OR A CURRENCY NOTE)
A PROMISSORY NOTE CANNOT BE MADE PAYABLE TO BEARER
----AS PER SECTION 31 OF THE RBI ACT 1934-PERMITS ONLY RBI AND CENTRAL GOVT TO MAKE A PROMISSORY NOTE PAYABLE TO BEARER ON DEMAND-
thanx shailesh
PROMISSORY NOTE IS -AN instrument in writting ( NOT BANK NOTE OR A CURRENCY NOTE)
A PROMISSORY NOTE CANNOT BE MADE PAYABLE TO BEARER
----AS PER SECTION 31 OF THE RBI ACT 1934-PERMITS ONLY RBI AND CENTRAL GOVT TO MAKE A PROMISSORY NOTE PAYABLE TO BEARER ON DEMAND-
Recent Topic
- Claiming Pre Possession Home Loan Interest
- Tax on Pension from EPFO
- Indexation of Sale of Property under New Regime
- TDS ON RENT BY TENANT
- Forward tax charge gst related
- SBI direct mutual funds ITR
- 44AE Section
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
Related Topics
CAclubindia
