NI Act Section 113: Payment for honour
Negotiable Instruments Act, 1881 · Chapter 11: Of acceptance and payment for honour and reference in case of need
Also available in: हिंदी
¶When a bill of exchange has been noted or protested for non-payment, any person may pay the same for the honour of any party liable to pay the same: provided that the person so paying [or his agent in that behalf] has previously declared before a notary public the party for whose honour he pays, and that such declaration has been recorded by such notary public.
Official reference: India Code, Government of India — official section HTML — source review: 5 October 2026.Recorded edition / snapshot date: 2026-10-05.Banaka reference transcription of the official HTML snapshot; not an official or certified edition. Source wording and amendment brackets are retained; layout and footnote callouts are omitted. The recorded date is the review snapshot, not a separately dated consolidation. Hindi guides are original explanations. Read the source amendment notes and current judicial interpretation alongside the text. The historical schedule and section 2 are repealed.Read the original schedule and amendment notes
This text is for reference, not legal advice. Consult the official source for the authoritative text.
Other sections in this chapter
- 108. Acceptance for honour
- 109. How acceptance for honour must be made
- 110. Acceptance not specifying for whose honour it is made
- 111. Liability of acceptor for honour
- 112. When acceptor for honour may be charged
- 114. Right of payer for honour
- 115. Drawee in case of need
- 116. Acceptance and payment without protest