Section 101 - Contents of protest, Section 102 - Notice of protest : Negotiable Instruments Act 1881
What is Contents of protest? What is Notice of protest? Contents of
protest and Notice of protest are defined under Section
101 and 102 of Negotiable
Instruments Act 1881
Section 101 of Negotiable Instruments Act 1881: "Contents of
A protest under section 100 must 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 gave no answer or that he could not be found;
(d) when the note or bill has been dishonoured, the place and
time of dishonour, 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 honour or of a payment
for honour, the name of the person by whom, of the person for
whom, and the manner in which, such acceptance or payment was
offered and effected.
A notary public may make the demand mentioned in clause (c)
of this section either in person or by his clerk or, where
authorized by agreement or usage, by registered letter.
Section 102 of Negotiable Instruments Act 1881:
"Notice of protest"
When a promissory note or bill of exchange is required by law
to be protested, notice of such protest must be given instead of
notice of dishonour, in the same manner and subject to the same
conditions; but the notice may be given by the notary public who
makes the protest.