आधिकारिक दस्तावेज़ / Official document
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Hindi — official source version
H1881-26.pdf
इस संस्करण को आधिकारिक दस्तावेज़ में पढ़ें। Read this version in its official source document.
Open official source version ↗About this act
- Jurisdiction
- Central
- Enactment date
- 1881-12-09
- Sections available
- 155
Commencement information from the source
1882-03-01
Read the sections
1Short title.→2[Repealed.].→3Interpretation-clause.→4''Promissory note''.→5''Bill of exchange''.→6''Cheque''.→7''Drawer.''→8''Holder''.→9''Holder in due course''.→10''Payment in due course''.→11Inland instrument.→12Foreign instrument.→13''Negotiable instrument''.→14Negotiation.→15Indorsement.→16Indorsement ''in blank'' and ''in full''.→17Ambiguous instruments.→18Where amount is stated differently in figures and words.→19Instruments payable on demand.→20Inchoate stamped instruments.→21''At sight''.→22''Maturity''.→23Calculating maturity of bill or note payable so many months after date or sight.→24Calculating maturity of bill or note payable so many days after date or sight.→25When day of maturity is a holiday.→26Capacity to make, etc., promissory notes, etc.→27Agency.→28Liability of agent signing.→29Liability of legal representative signing.→30Liability of drawer.→31Liability of drawee of cheque.→32Liability of maker of note and acceptor of bill.→33Only drawee can be acceptor except in need or for honour.→34Acceptance by several drawees not partners.→35Liability of indorser.→36Liability of prior parties to holder in due course.→37Maker, drawer and acceptor principals.→38Prior party a principal in respect of each subsequent party.→39Suretyship.→40Discharge of indorser's liability.→41Acceptor bound, although, indorsement forged.→42Acceptance of bill drawn in fictitious name.→43Negotiable instrument made, etc., without consideration.→44Partial absence or failure of money-consideration.→45Partial failure of consideration not consisting of money.→45AHolder's right to duplicate of lost bill.→46Delivery.→47Negotiation by delivery.→48Negotiation by indorsement.→49Conversion of indorsement in blank into indorsement in full.→50Effect of indorsement.→51Who may negotiate.→52Indorser who excludes his own liability or makes it conditional.→53Holder deriving title from holder in due course.→54Instrument indorsed in blank.→55Conversion of indorsement in blank into indorsement in full.→56Indorsement for part of sum due.→57Legal representative cannot by delivery only negotiate instrument indorsed by deceased.→58Instrument obtained by unlawful means or for unlawful consideration.→59Instrument acquired after dishonour or when overdue.→60Instrument negotiable till payment or satisfaction.→61Presentment for acceptance.→62Presentment of promissory note for sight.→63Drawee's time for deliberation.→64Presentment for payment.→65Hours for presentment.→66Presentment for payment of instrument payable after date or sight.→67Presentment for payment of promissory note payable by instalments.→68Presentment for payment of instrument payable at specified place and not elsewhere.→69Instrument payable at specified place.→70Presentment where no exclusive place specified.→71Presentment when maker, etc., has no known place of business or residence.→72Presentment of cheque to charge drawer.→73Presentment of cheque to charge any other person.→74Presentment of instrument payable on demand.→75Presentment by or to agent, representative of deceased, or assignee of insolvent.→75AExcuse for delay in presentment for acceptance or payment.→76When presentment unnecessary.→77Liability of banker for negligently dealing with bill presented for payment.→78To whom payment should be made.→79Interest when rate specified.→80Interest when no rate specified.→81Delivery of instrument on payment or indemnity in case of loss.→82Discharge from liability.→83Discharge by allowing drawee more than forty-eight hours to accept.→84When cheque not duly presented and drawer damaged thereby.→85Cheque payable to order.→85ADrafts drawn by one branch of a bank on another payable to order.→86Parties not consenting discharged by qualified or limited acceptance.→87Effect of material alteration.→88Acceptor or indorser bound notwithstanding previous alteration.→89Payment of instrument on which alteration is not apparent.→90Extinguishment of rights of action on bill in acceptor's hands.→91Dishonour by non-acceptance.→92Dishonour by non-payment.→93By and to whom notice should be given.→94Mode in which notice may be given.→95Party receiving must transmit notice of dishonour.→96Agent for presentment.→97When party to whom notice given is dead.→98When notice of dishonour is unnecessary.→99Noting.→100Protest.→101Contents of protest.→102Notice of protest.→103Protest for non-payment after dishonour by non-acceptance.→104Protest of foreign bills.→104AWhen noting equivalent to protest.→105Reasonable time.→106Reasonable time of giving notice of dishonour.→107Reasonable time for transmitting such notice.→108Acceptance for honour.→109How acceptance for honour must be made.→110Acceptance not specifying for whose honour it is made.→111Liability of acceptor for honour.→112When acceptor for honour may be charged.→113Payment for honour.→114Right of payer for honour.→115Drawee in case of need.→116Acceptance and payment without protest.→117Rules as to compensation.→118Presumptions as to negotiable instruments.→119Presumption on proof of protest.→120Estoppel against denying original validity of instrument.→121Estoppel against denying capacity of payee to indorse.→122Estoppel against denying signature or capacity of prior party.→123Cheque crossed generally.→124Cheque crossed specially.→125Crossing after issue.→126Payment of cheque crossed generally.→127Payment of cheque crossed specially more than once.→128Payment in due course of crossed cheque.→129Payment of crossed cheque out of due course.→130Cheque bearing ''not negotiable''.→131Non-liability of banker receiving payment of cheque.→131AApplication of Chapter to drafts.→132Set of bills.→133Holder of first acquired part entitled to.→134Law governing liability of maker, acceptor or indorser of foreign instrument.→135Law of place of payment governs dishonour.→136Instrument made, etc., out of India, but in accordance with the law of India.→137Presumption as to foreign law.→138Dishonour of cheque for insufficiency, etc., of funds in the account.→139Presumption in favour of holder.→140Defence which may not be allowed in any prosecution under section 138.→141Offences by companies.→142Cognizance of offences.→142AValidation for transfer of pending cases.→143Power of Court to try cases summarily.→143APower to direct interim compensation.→144Mode of service of summons.→145Evidence on affidavit.→146Bank's slip prima facie evidence of certain facts.→147Offences to be compoundable.→148Power of Appellate Court to order payment pending appeal against conviction.→
Schedules
India Code, Government of India. Text fetched 10 Oct 2026. Source metadata reports last modification: 2018-04-16. Check the linked official text and subsequent notifications when applying a provision.