Section 34 - Major Port Authorities Act, 2021


The Major Port Authorities Act, 2021

34. Endorsements to be made on security itself.-

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.