*[ 81A. Application
of the Act to Electronic cheque and Truncated cheque. -
(1) The provisions of this Act, for the time being in force,
shall apply to, or in relation to, electronic cheques and
the truncated cheques subject to such modifications and amendments
as may be necessary for carrying out the purposes of the Negotiable
Instruments Act, 1881 (26 of 1881) by the Central
Government, in consultation with the Reserve Bank of India,
by notification in the Official Gazette.
(2) Every notification made by the Central Government under
subsection (1) shall be laid, as soon as may be after it is
made, before each House of Parliament, while it is in session,
for a total period of thirty days which may be comprised in
one session or in two or more successive sessions, and if,
before the expiry of the session immediately following the
session or the successive sessions aforesaid, both houses
agree in making any modification in the notification or both
houses agree that the notification should not be made, the
notification shall thereafter have effect only in such modified
form or be of no effect, as the case may be; so, however,
that any such modification or annulment shall be without prejudice
to the validity of anything previously done under the notification.
Explanation: For the purpose of this Act, the expression "electronic
cheque" and "truncated cheque" shall have the
same meaning as assigned to them in section
6 of the Negotiable
Instruments Act, 1881 (26 of 1881).
[* Inserted vide
Negotiable
Instruments (Amendment and Miscellaneous Provisions) Act,
2002, -Effective from 6th Day of February 2003]
|
