Section 67: Penalty for not drawing full number of bills or marine policies purporting to be in sets

Any person drawing or executing a bill of exchange [payable otherwise than on demand] or a policy of marine insurance purporting to be drawn or executed in a set of two or more, and not at the same time drawing or executing on paper duly stamped the whole number of bills or policies of which such bill or policy purports the set to consist, shall be punishable with fine which may extend to one thousand rupees.

State amendments to this section

Arunachal Pradesh.—

Amendment of sections 67,—

In section 67, for the words dbqrsone thousand rupees" the words "two thousand rupees" shall be substituted.

[Vide Arunachal Pradesh 3 of 2010, s. 2]

Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.

Supreme Court judgments citing the section 67

No Supreme Court judgment in our database cites this section yet.