Mera Samvidhaan All of Negotiable Instruments Act, 1881

Chapter II · Of Notes, Billsand Cheques

25When day of maturity is a holiday.

Section 25 · Chapter II · page 12 of the Act

When the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument shall be deemed to be due on the next preceding, business day.

Explanation.—The expression “public holiday” includes Sundays: 1*** and any other day declared by the 2[Central Government], by notification in the Official Gazette, to be a public holiday.

1 The words “New Year's day, Christmas day: if either of such days falls on a Sunday, the next following Monday: Good-Friday:” omitted by Act 37 of 1955, s. 3 (w.e.f. 1-4-1956).

2 Subs by the A.O. 1937, for “L.G”.

Section 25 of The Negotiable Instruments Act, 1881 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.