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Section 101 – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

101. Contents of protest.-

 

A protest under section 100mmust contain –

 

(a) either the instrument itself, or a literal transcript of the instrument and of everything written or printed thereupon;

 

(b) the name of the person for whom and against whom the instrument has been protested;

 

(c) a statement that payment or acceptance, or better security, as the case may be, has been demanded of such person by the notary public; the terms of his answer, if any, or a statement that he could not be found;

 

(d) when the note or bill has been dishonored, the place and time of dishonor, and, when better security has been refused, the place and time of refusal;

 

(e) the subscription of the notary public making the protest;

 

(f) in the event of an acceptance for honor or of a payment for honor, the name of the person by whom, of the person whom, and the manner in which, such acceptance or payment was offered and effected.

 

1[A notary public may make the demand mentioned in clause (c) of this section either person or by his clerk or, were authorised by agreement or usage, by registered letter.]

1. Added by Act 2 of 1885, sec. 5.

 

 

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The Negotiable Instruments Act, 1881

 

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