Home Acts & Rules Indian Laws Economic Laws - Acts Negotiable Instruments Act, 1881 Chapters List Chapter XIV Of Crossed Cheques This
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Section 123 - Cheque crossed generally - Negotiable Instruments Act, 1881Extract Chapter XIV Of Crossed Cheques Cheque crossed generally. 123. Where a cheque bears across its face an addition of the words "and company" or any abbreviation thereof, between two parallel transverse lines, or of two parallel transverse lines simply, either with or without the words "not negotiable", that addition shall be deemed a crossing, and the cheque shall be deemed to be crossed generally.
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