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Section 105 NI Act — Reasonable time

The Negotiable Instruments Act, 1881 · Official PDF page 23

Open in NyayaOfficial PDF, page 23

105. Reasonable time.—In determining what is a reasonable time for presentment for acceptance or payment, for giving notice of dishonour and for noting, regard shall be had to the nature of the instrument and the usual cour se of dealing with respect to similar instruments; and, in calculating such time, public holidays shall be excluded.

Text extracted from the official PDF (India Code source copy; consolidation date not certified). Line breaks and footnote marks may differ; the PDF is the authority.

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