Bills of exchange act 22 of 2003 namibia legal database. Bills of exchange an act to codify the law relating to bills of exchange, cheques and promissory notes. In this act intspra acceptance means an acceptance completed by delivery tation. An act to provide for the regulation and control of training of apprentices and for1 matters connected therewith. A cheque is a bill of exchange drawn on a banker payable on demand. A bill of exchange is distinguishable from a promissory note, since it does not contain a. Bill of exchange act mangaung metropolitan municipality. Bills of exchange act 1961 consolidated as at 31 may 2007.
Unless the contrary appear on the face of the bill the holder may treat it as an inland bill. Chapter i ss 270 bills of exchange form and interpretation ss 2 19 2 definition of and requirements for bill of exchange 1 a bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is. The institutes of technology act, 1961 is a legislation in india giving legal status, including degree granting powers, to the indian institutes of technology. Application of act part 2 bills of exchange division 1 form and. Interpretation part ii bills of exchange form and interpretation 3. Short title 1 this act may be cited as the bills of exchange act. Drawer an orderer or an issuer of a bill of exchange indicated on the front of the. Commencement 18th august, 1882 part i preliminary 1. This act may be cited as the bills of exchange act. General provisions article 1 this act sets forth the contents, the types of bills of exchange and the operations and rules that relate to the bills of exchange.
Full text of the bills of exchange act, 1882 an act to. For complete classification of this act to the code, see references in text note set out under section 226 of this title and tables. Bill, 2019 as passed by lok sabha july 23, 2019 in brief the finance no. The fulbrighthays act of 1961 is officially known as the mutual educational and cultural exchange act of 1961. Amended by bills of exchange act 56 of 2000 from 1 mar 2001. Some of the major amendments relating to the provisions of the incometax act, 1961 act have been. Bills of exchange act 34 of 1964 south african government. A bill of exchange is a written order used primarily in international trade that binds one party to pay a fixed sum of money to another party on demand or at a predetermined date. The bills of exchange act 1909 as shown in this compilation comprises act no. Article 2 certain terms employed in this act shall denote the following. To provide for the form, interpretation, negotiation, and discharge of bills of exchange, cheques, promissory notes and other documents.
Bills of exchange act 1961 act 55 contents bills of exchange act 1961 act 55. The international bill of exchange is legal tender as a national bank note, or note of a national banking association, by legal andor statutory definition ucc 4105. Bills of exchange act chapter 245 revised edition 2011 showing the substantive laws as at 31st december, 2011 this is a revised edition of the substantive laws, prepared by the law revision commissioner under the authority of the law revision act, chapter 3 of the substantive laws of belize, revised edition 2011. All relevant information pertaining to application, saving or transitional provisions prior to 27 june 2011 is not included in this compilation. The fulbrighthays act of 1961 is officially known as the mutual educational and cultural exchange act of 1961 pub. Bills of exchange act 656 kb act current to 20200319 and last amended on 20070420. Ordinance nos, 25 of 1927 30 of 1930 act nos, 5 of 1955 25 of 1957 30 of 1961 1st march, 1928 part i preliminary short title. Jan 20, 2012 notes to the bills of exchange act 1909. Bill of exchange legal definition of bill of exchange. Where in a bill drawer and drawee are the same person. Effect where different parties to bill are the same person 6. An act to codify the law relating to bills of exchange. Be it enacted by parliament in the thirteenth year of the republic of india as follows. William fulbright dar and passed by the 87th united states congress on september 16, 1961, the same month the foreign assistance act of 1961 and peace corps act of 1961 were enacted.
Act 204 bills of exchange act 1949 arrangement of sections part i preliminary section 1. Except as otherwise provided in this part, the provisions of this act applicable to a bill of exchange payable on demand apply to a cheque. This chapter, referred to in text, was in the original this act, meaning act dec. In this act, unless the context otherwise requires acceptance means an acceptance completed by delivery or notification. A threeparty negotiable instrument in which the first party, the drawer, presents an order for the payment of a sum certain on a second party, the drawee, for payment to a third party, the payee, on demand or at a fixed future date. This is an adaptation of the english bills of exchange act 1882 which specifies how cheques are drawn, accepted and paid. It was notified in the gazette as act number 59 of 1961 on 20 december 1961 and came into effect on 1 april 1962. B4 an act relating to bills of exchange, cheques and promissory notes. Bills of exchange act 656 kb act current to 20200402 and last amended on 20070420.
Bills of exchange act 1933 uganda legal information institute. Be it enacted by parliament in the twelfth year of the republic of india as follows. Prefatory note the act was introduced in the form of a bill on august 19,1961. Full text of the bills of exchange act, 1882 an act to codify the law relating to bills of exchange. A ct 55 bills of exchange act, 1961 arrangement of sections part one bills of exchange form and interpretation 1. Amended by bills of exchange amendment act 58 of 1977. An act to codify the law relating to bills of exchange, cheques and promissory notes.
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