Q: What are the amendments under negotiable instrument act in 2002 ?

Ans: Some of the significant features of the 2002 amendment in negotiable instrument act are as follows: 

1)​The period within, which the payee must render notice to the drawer, extended to thirty days against fifteen days earlier.
 2)​The maximum jail term for offences enhanced to two years from one year. 
3)​The trials, as far as practicable, must be continued from day to day, consistently with the interest of justice, until the conclusion.
4. Endeavour must be to conclude the trial within six months from the date of filing of the complaint; 
5)​A copy of the summons issued by a magistrate to an accused or witness would also be served through special post or impaneled couriers.
6)​The evidence of the complainant may be given by him on an affidavit as well as be read in evidence, and the court, if it thinks fit, shall on the application of the prosecution or the accused, summon and examine any person giving evidence on affidavits (with exceptions).
 7)​Offences under the act will be compoundable. The Amendment act also renders solace to nominee directors and they shall not be liable for prosecution under the act.

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