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 |
This is a sample legal draft for reference. Review and adapt it for your facts, and consult a qualified advocate before filing or execution.
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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.