Notwithstanding anything contained in section 15 of the Negotiable Instruments Act, 1881 (26 of 1881), no endorsement of a port security, which is transferable by endorsement, shall be valid unless made by the signature of the holder inscribed on the back of the security itself.
Section 34: Endorsements to be made on security itself.
The Major Port Authorities Act, 2021Central Act · Act 1 of 2021
Where this provision sits
| Act | The Major Port Authorities Act, 2021 |
|---|---|
| Section | 34 |
| Marginal note | Endorsements to be made on security itself. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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