Noting
Full Text
Noting.—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.
Plain English Summary
Empowers the holder of a dishonoured promissory note or bill of exchange to have the dishonour officially recorded and authenticated by a notary public.
Key Legal Elements
- Applies to promissory notes and bills of exchange dishonoured by non-acceptance or non-payment
- Noted by a notary public on the instrument or an allonge attached to it
- Must be recorded within a reasonable time after dishonour
- Must specify date of dishonour, reasons assigned, and notary's charges
Practical Note
Noting provides an authentic, quasi-official record of presentment and refusal. While optional for domestic inland bills in India, it serves as the preliminary step for formal protest under Section 100 and creates prima facie evidence of dishonour in civil recovery trials.
हिंदी पाठ
टिप्पण (Noting)।—जब कोई वचन-पत्र या विनिमय-पत्र अप्रतिग्रहण या असंदाय द्वारा अनादृत हो गया हो, तब धारक ऐसे अनादर को किसी नोटरी पब्लिक द्वारा उस लिखत पर, या उससे संलग्न किसी कागज पर, या अंशतः दोनों पर टिप्पण (noted) करा सकता है।
ऐसा टिप्पण अनादर के पश्चात युक्तियुक्त समय के भीतर किया जाना चाहिए, और उसमें अनादर की तारीख, ऐसे अनादर के लिए बताया गया कारण (यदि कोई हो), या यदि लिखत को अभिव्यक्त रूप से अनादृत नहीं किया गया है, तो वह कारण जिससे धारक उसे अनादृत मानता है, तथा नोटरी के प्रभार विनिर्दिष्ट होने चाहिए।