Promissory Note Negotiable Instruments Act 1358 Legal Draft Template
| Category | Negotiable Instruments Act |
| Format | Rich Text |
| File name | Promissory Note-Negotiable Instruments Act-1358.rtf |
Effortlessly craft professional legal documents with 500+ industry-standard templates and refine them using DraftPilot - your AI drafting copilot. Seamlessly upload, review, and compare multiple existing drafts side-by-side.
DraftPilot - GPT-powered editing under LegalDraft Studio · also part of your AI Studio plan Browse & download templates free - DraftPilot requires login + AI Studio
Industry-standard template for reference. Adapt it with DraftPilot (AI copilot), compare clause-by-clause in our comparison workspace, or download and edit offline. Consult a qualified advocate before filing or execution.
Draft Preview
P
romissory No
te
(Commercial Paper)
Stamp Duty to be affixed
as in force in the State in
which it is
to
be issued.
(Name of the issuing Company/Institution] Serial No.
Issued at date of issue
(place]
Date of Maturity without days of grace.
[If such date happens to fall on a holiday, payment shall he made in the
immediate preceding working day)
For value received hereby
(Name of the issuing Company/Institution)
hereby promise to pay or order on the maturity date as Name of the investor] specified above the sum of Rs (in words) upon presentation and surrender of this Commercial Paper to
(Name of the issuing and paying Agent)
For and on behalf of (Name of the issuing Company/Institutions)
Authorised Signatory Authorised signatory
AI.L ENDORSEMENTS UPON THIS COMMERCIAL PAPER MUST BE CLEAN
AND DISTINCT. EACH ENDORSEMENT SHOULD BE WRITTEN WITHIN
THE SPACE
ALLOTTED.
Pay to
or order
(Name of the transferor) the amount within named. For and on behalf of
(Nam e of Transferor) _ 1. "
1"
2"
3"
4"
'5
6"
7"
1. Vide Circular No. IECD 3/08,15.07/2000-01. dated 10.10.2000.