Definition and Meaning
ENI streamlines digital financial dealings. Electronic Negotiable Instrument (ENI) is a digital form of traditional instruments (cheques, promissory notes), enabling secure, legally valid electronic transactions.Key Characteristics
Key features: digital format, secure authentication via digital signatures, transferability, legal enforceability.Legal Basis
Legally recognized under laws like the Negotiable Instruments Act and IT Acts, providing the legal basis for use.Practical Examples
Examples: electronic cheques, e-promissory notes, e-bills of exchange, streamlining digital payments.Author
