NIA 99 — Noting

Negotiable Instruments Act, 1881

Statutory text

When a  promissory note  or bill of exchange  has been dishonoured by non-acceptance or non-payment, the holder may cause such dishonour to be noted by a notary public upon the instrument, or upon a paper attached thereto, or partly upon each.
Such  note  must  be  made  within  a  reasonable  time  after  dishonour,  and  must  specify  the  date  of
dishonour,  the  reason,  if  any,  assigned  for  such  dishonour,  or,  if  the  instrument  has  not  been  expressly dishonoured, the reason why the holder treats it as dishonoured, and the notary's charges.

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