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Section 11 - Inland Instrument, Section 12 - Foreign Instrument : Negotiable Instruments Act 1881

What is Inland Instrument?  What is Foreign Instrument? Inland instrument and foreign instrument are defined defined under Section 11 and 12 of Negotiable Instruments Act 1881

 

 

Section 11 of Negotiable Instruments Act 1881: "Inland Instrument"

A promissory note, bill of exchange or cheque drawn or made in India and made payable in, or drawn upon any person resident in India shall be deemed to be an inland instrument.

 

Section 12 of Negotiable Instruments Act 1881: "Foreign Instrument"

Any such instrument not so drawn, made or made payable shall be deemed to be foreign instrument

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