NI Act Section 48: Negotiation by indorsement
Negotiable Instruments Act, 1881 · Chapter 4: Of negotiation
Also available in: हिंदी
¶Subject to the provisions of section 58, a promissory note, bill of exchange or cheque [payable to order], is negotiable by the holder by indorsement and delivery thereof
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 The historical schedule and section 2 are repealed.Read the original schedule and amendment notes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
- 46. Delivery
- 47. Negotiation by delivery
- 49. Conversion of indorsement in blank into indorsement in full
- 50. Effect of indorsement
- 51. Who may negotiate
- 52. Indorser who excludes his own liability or makes it conditional
- 53. Holder deriving title from holder in due course
- 54. Instrument indorsed in blank
- 55. Conversion of indorsement in blank into indorsement in full
- 56. Indorsement for part of sum due
- 57. Legal representative cannot by delivery only negotiate instrument indorsed by deceased
- 58. Instrument obtained by unlawful means or for unlawful consideration
- 59. Instrument acquired after dishonour or when overdue
- 60. Instrument negotiable till payment or satisfaction