Negotiable Instruments
Evolution and Revolution of Negotiable Instruments
As Facilitators for Trade and Commerce
And Ten Years Taking Forward
Presented
By
GROUP 5
JINAL JAIKRISHNAN- 33
DEEPA SINGH - 34
DINESH REDDY - 35
SAGAYA ALBERT – 36
BLESSON ANTONY - 37
PRITI YADAV - 38
RITU DEBNATH - 39
NITIN PATIL - 40
Submitted to: Submitted on:
Prof. Anant Amdekar 6th February, 2012
CONTENTS
TOPIC PAGE NO.
1. INTRODUCTION 2. EVOLUTION OF NEGOTIABLE INSTRUMENTS 3. WHAT ARE NEGOTIABLE INSTRUMENTS 4. NEGOTIABLE INSTRUMENTS ACT, 1881 5. TYPES OF NEGOTIABLE INSTRUMENTS 6. CHARACTERISTICS OF CHEQUE, BILL OF EXCHANGE AND PROMISSORY NOTE
7. DISTINGUISH BETWEEN 8. EXCEPTIONS 9. SECTION 134 TO 137 OF AN INTERNATIONAL LAW 10. DISHONOUR OF NEGOTIABLE INSTRUMENTS 11. REVOLUTION OF PAYMENT SYSTEMS IN INDIA 12. CURRENT SCENARIO OF NEGOTIABLE INSTRUMENTS 13. TEN YEARS TAKING FORWARD 14. CASE STUDY 15. CONCLUSION 16. REFERENCES
INTRODUCTION
The usage of negotiable instruments starts with the evolution of trade and commerce. These instruments are playing a major role in the evolution of trade and commerce as a whole which kept on developing and growing bigger. We came across the different stages through which trade and commerce went:
[pic]
1. PASTORAL STAGE:
The first stage had to do nothing with money, people lived a nomadic life.
Survival by breeding of animals was the main motto.
Business was limited
2. AGRICULTURAL STAGE :
However man learned quickly to grow food for their own need.
3. BARTER SYSTEM:
The demand increased for other commodities as well and thus this was introduced.
This can be termed as the turning point of trade and commerce.
4. HANDICRAFT STAGE:
They started producing specialized products.
5. GUILD STAGE:
The era in which people started to think about
As Facilitators for Trade and Commerce
And Ten Years Taking Forward
Presented
By
GROUP 5
JINAL JAIKRISHNAN- 33
DEEPA SINGH - 34
DINESH REDDY - 35
SAGAYA ALBERT – 36
BLESSON ANTONY - 37
PRITI YADAV - 38
RITU DEBNATH - 39
NITIN PATIL - 40
Submitted to: Submitted on:
Prof. Anant Amdekar 6th February, 2012
CONTENTS
TOPIC PAGE NO.
1. INTRODUCTION 2. EVOLUTION OF NEGOTIABLE INSTRUMENTS 3. WHAT ARE NEGOTIABLE INSTRUMENTS 4. NEGOTIABLE INSTRUMENTS ACT, 1881 5. TYPES OF NEGOTIABLE INSTRUMENTS 6. CHARACTERISTICS OF CHEQUE, BILL OF EXCHANGE AND PROMISSORY NOTE
7. DISTINGUISH BETWEEN 8. EXCEPTIONS 9. SECTION 134 TO 137 OF AN INTERNATIONAL LAW 10. DISHONOUR OF NEGOTIABLE INSTRUMENTS 11. REVOLUTION OF PAYMENT SYSTEMS IN INDIA 12. CURRENT SCENARIO OF NEGOTIABLE INSTRUMENTS 13. TEN YEARS TAKING FORWARD 14. CASE STUDY 15. CONCLUSION 16. REFERENCES
INTRODUCTION
The usage of negotiable instruments starts with the evolution of trade and commerce. These instruments are playing a major role in the evolution of trade and commerce as a whole which kept on developing and growing bigger. We came across the different stages through which trade and commerce went:
[pic]
1. PASTORAL STAGE:
The first stage had to do nothing with money, people lived a nomadic life.
Survival by breeding of animals was the main motto.
Business was limited
2. AGRICULTURAL STAGE :
However man learned quickly to grow food for their own need.
3. BARTER SYSTEM:
The demand increased for other commodities as well and thus this was introduced.
This can be termed as the turning point of trade and commerce.
4. HANDICRAFT STAGE:
They started producing specialized products.
5. GUILD STAGE:
The era in which people started to think about
References: • Business and Corporate Law — N. D. Kapoor • Smith & Roberson’s Business Law, Fifteenth Edition • Business Law — Buichandani • www.knowlegeworld.com • www.indialaw.com • www.casestudy.com • http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/4452.pdf • http://www.vakilno1.com/bareacts/negoinstruact/negoinstruact.htm • http://pages.stern.nyu.edu/~adamodar [pic]