NI Act Section 8: ''Holder''
Negotiable Instruments Act, 1881 · Chapter 2: Of notes, bills and cheques
Also available in: हिंदी
¶The "holder" of a promissory note, bill of exchange or cheque means any person entitled in his own name to the possession thereof and to receive or recover the amount due thereon from the parties thereto.
¶Where the note, bill or cheque is lost or destroyed, its holder is the person so entitled at the time of such loss or destruction.
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 The historical schedule and section 2 are repealed.Read the original schedule and amendment notes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
- 4. ''Promissory note''
- 5. ''Bill of exchange''
- 6. ''Cheque''
- 7. ''Drawer.''
- 9. ''Holder in due course''
- 10. ''Payment in due course''
- 11. Inland instrument
- 12. Foreign instrument
- 13. ''Negotiable instrument''
- 14. Negotiation
- 15. Indorsement
- 16. Indorsement ''in blank'' and ''in full''
- 17. Ambiguous instruments
- 18. Where amount is stated differently in figures and words
- 19. Instruments payable on demand
- 20. Inchoate stamped instruments
- 21. ''At sight''
- 22. ''Maturity''
- 23. Calculating maturity of bill or note payable so many months after date or sight
- 24. Calculating maturity of bill or note payable so many days after date or sight
- 25. When day of maturity is a holiday