Act Number: 1

Act Name: The Major Port Authorities Act, 2021

Year: 2021

Enactment Date: 2021-02-17

Long Title: An Act to provide for regulation, operation and planning of Major Ports in India and to vest the administration, control and management of such ports upon the Boards of Major Port Authorities and for matters connected therewith or incidental thereto

Ministry: Ministry of Ports, Shipping and Waterways

Department:

Section 35: Endorser of security not liable for amount thereof.
    Notwithstanding anything contained in the Negotiable Instruments Act, 1881 (26 of 1881), a person shall not by reason only of his having endorsed any port security be liable to pay any monies due, either as principal or as interest thereunder.
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