NI Act Section 123: Cheque crossed generally
Negotiable Instruments Act, 1881 · Chapter 14: Of crossed cheques
Also available in: हिंदी
¶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
Official reference: India Code, Government of India — official section HTML — source review: 5 October 2026.Recorded edition / snapshot date: 2026-10-05.Banaka reference transcription of the official HTML snapshot; not an official or certified edition. Source wording and amendment brackets are retained; layout and footnote callouts are omitted. The recorded date is the review snapshot, not a separately dated consolidation. Hindi guides are original explanations. Read the source amendment notes and current judicial interpretation alongside the text. The historical schedule and section 2 are repealed.Read the original schedule and amendment notes
This text is for reference, not legal advice. Consult the official source for the authoritative text.
Other sections in this chapter
- 124. Cheque crossed specially
- 125. Crossing after issue
- 126. Payment of cheque crossed generally
- 127. Payment of cheque crossed specially more than once
- 128. Payment in due course of crossed cheque
- 129. Payment of crossed cheque out of due course
- 130. Cheque bearing ''not negotiable''
- 131. Non-liability of banker receiving payment of cheque
- 131A. Application of Chapter to drafts