You are viewing the translated version of Restriction Can Be Imposed To Indorse.

Section 32
Restriction Can Be Imposed To Indorse
While indorsing the Negotiable Instrument, restriction can be imposed in the right of the  Holder to indorse in a way that such instrument cannot be re-indorsed or to be done only according to as mentioned in the Endorsement. Provided that, such restriction cannot be imposed in the case of a Negotiable Instrument payable to bearer.