The Prevention of Money Laundering Act, 2002
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Sec. 143A applies prospectively only?
confirmed in Ginni Garments vs Sethi Garment (P&H HC).
Sec. 148 applies to pending appeals also?
confirmed in Surinder Singh Deswal vs Virender Gandhi (SC 2019), holding that although the section uses "may", it is to be read as a rule/"shall" and non-deposit is the rare exception.
Payable to order?
expressly so payable, or payable to a particular person without words prohibiting transfer.
Payable to bearer?
expressly so payable, or where the only or last endorsement is in blank.
(a)?
Made/drawn for consideration, and every acceptance/endorsement/negotiation was for consideration
(b)?
Drawn on the date it bears
(c)?
Bill accepted within a reasonable time of date, before maturity
(d)?
Transfer was made before maturity
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