When a promissory note or bill or exchange has been dishonoured by non-acceptance or non-payment, the holder may cause such dishonoured to be noted by a notary public upon the instrument, or upon a paper attached thereto, or party 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.
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BARE ACTS INDIA
