Section 70
Indorsements to be made on security itself.
The Major Port Trusts Act, 1963
About this Act
An Act to make provision for the constitution of port authorities for certain major ports in India and to vest the administration, control and management of such ports in such authorities and for matters connected therewith.
Notwithstanding anything in section 15 of the
Negotiable Instruments Act, 1881, (26 of 1881) no indorsement of a Port Trust security, which is
transferable by indorsement, shall be valid unless made by the signature of the holder inscribed on the
back of the security itself.