Ultimate Law Resources : Database for Lawyers
(1) Notwithstanding anything to the contrary provided in the Negotiable Instruments Act, 1881 (XXVI of 1881), or any other law, for the time being in force, Electronic Fund Transfers may be initiated by an Authorized Party by means of a truncated cheque. (2) In case, any transfer of funds takes place in the manner as provided in sub-section (...
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