Section 1. The Act has been extended to Goa, Daman and Diu with modifications, by Reg. 12 of 1962, s. 3 and Sch

1. The Act has been extended to Goa, Daman and Diu with modifications, by Reg. 12 of 1962, s. 3 and Sch., (w.e.f. 1-10-1965) extended to and brought into force in Dadra and Nagar Haveli by Reg. 6 of 1963, s. 2 and Sch. I (w.e.f. 1-7-1965), to the Union territory of Lakshadweep by Reg. 8 of 1965, s. 3 and the Sch. (w.e.f. 1-10-1967) [and to the State of Arunachal Pradesh by Act 44 of 1993, s. 2 and the Sch. (w.e.f. 1-7-1994)]. 2. The words "except the State of Jammu and Kashmir", which were subs. by Act 3 of 1951, for "except Part B States", omitted by Act 62 of 1956, s. 2 and the Sch. 3. Rep. by the Indian Paper Currency Act, 1923 (10 of 1923). See now the Reserve Bank of India Act, 1934 (2 of 1934), s. 31. 4. Definition of the word "India", which was subs. by Act 3 of 1951, for the definition of the word "State", omitted by Act 62 of 1956, s. 2 and the Sch. 5. Subs. by Act 37 of 1955, s. 2, for the definition of the word "banker". 6. Omitted by Act 53 of 1952, s. 16 (w.e.f. 14-2-1956). (h) "I promise to Pay B Rs. 500 and to deliver to him my black horse on 1st January next." The instruments respectively marked (a) and (b) are promissory notes. The instruments respectively marked (c), (d), (e), (f), (g) and (h)are not promissory notes. 1. The second sentence rep. by Act 2 of 1885, s. 7 . 2. Subs. by s. 8, ibid., for "in the presence of a notary public, subscribe the bill with his own hand, and". 3. The words "and such declaration must be recorded by the notary in his register" rep. by s. 8, ibid. 4. Ins. by Act 2 of 1885, s. 9. 5. The brackets, words and figures "(except in cases provided for by the Code of Civil Procedure, s. 532)" omitted by Act 30 of 1926 , s. 3. (b) when the person charged resides at a place different from that at which the instrument was payable, the holder is entitled to receive such sum at the current rate of exchange between the two places; (c) an indorser who, being liable, has paid the amount due on the same is entitled to the amount so paid with interest at[1] [eighteen per centum] per annum from the date of payment until tender or realization thereof, together with all expenses caused by the dishonour and payment; (d) when the person charged and such indorser reside at different places, the indorser is entitled to receive such sum at the current rate of exchange between the two places; (e) the party entitled to compensation may draw a bill upon the party liable to compensate him, payable at sight or on demand, for the amount due to him, together with all expenses properly incurred by him. Such bill must be accompanied by the instrument dishonoured and the protest thereof (if any). If such bill is dishonoured, the party dishonouring the same is liable to make compensation thereof in the same manner as in the case of the original bill. CHAPTER I PRELIMINARY 1. Short title.— This Act may be called the Negotiable Instruments Act, 1881. Local extent. Saving of usages relating to hundis, etc.— It extends to the whole of India[2] * but nothing herein contained affects the[3] Indian Paper Currency Act, 1871 (3 of 1871), section 21, or affects any local usage relating to any instrument in an oriental language: Provided that such usages may be excluded by any words in the body of the instrument which indicate an intention that the legal relations of the parties thereto shall he governed by this Act; Commencement.— and it shall come into force on the first day of March, 1882. 2 . [ Repeal of enactments . ] Rep. by the Repealing and Amending Act, 1891(12 of 1891), s. 2 and the Schedule I.