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Joint Promissory Note By Drawers Negotiable Instruments Act 1335 - Legal Draft

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Category : Negotiable Instruments Act

Joint Promissory Note by Drawers
On Demand, We (1)         (2)       (3)       hereby jointly
and severally promise to pay to Mr        or order the sum of Rs   
. . with interest thereon the rate of Rs          per cent per annum is
consideration of full value received.
Dated this        day of   
Sd       
Sd       
Sd       

Promissory note in favour of Joint promisees
On Demand We ( 1) .... ( 2) .... Jointly and severally promise to pay ( 1) ... (2) .... (3) .... or order jointly and severally the sum of Rs.

         with interest thereon at the rate of Rs   per cent with quarterly
rests, in consideration of full value received.
Dated this        day of   
Sd       
Sd       

Form No. 16

Form of Usance Promissory Note
Stamp duty on this Instrument is remitted by the Government of India subject to conditions specified in the Notification No. 32/88 Stamps E. No. 33/60/87-ST, published in the Gazette of India, July 23. 1988 [Part II, See. 3(ii)]. Date :
90 (ninety) days after date without grace, we    

(Name of the Bank )
promise to pay to         :       
[name of the bank/approved financial institution)
or order, the sum of Rupees       (Rs       )
for value received.
Signature(s) of Authorised Officer(s)
of the bank, with names and designations.
Endorsed in favour of   

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