Section 19
Bills and notes drawn out of Indin.—The first holder in India of any bill of exhange
19. Bills and notes drawn out of Indin.—The first holder in India of any bill of exhange
e otherwise than on demand, or promissory note drawn of made out of India shall, before 19. Bills and notes drawn out of Indin.—The first holder in India of any bill of exhange
payable otherwise than on demand, or promissory note drawn of made out of India shall, before
endorses, transfers or otherwise negotiates payable otherwise than on demand, or promissory note drawn of
he presents the samo for acceptance or payment, or endorses, transfers or otherwise negotiates
the same in India, aflix thereto, the proper stamp and cancel the same: he presents the samo for acceptance or payment, o
the same in India, aflix thereto, the proper stamp and cancel the same:
Provided that—
. te comes into the hands of
nole
ffixed thereto and cancelled ime any such bill of exchange or
als i proper adhesive stamp . te comes into the hands of ime any such bill of exchange or nole , (a) Li aes als i proper adhesive stamp 's affixed thereto and cancelled
t ee
hel be scribed b section 12 and such holder has no reason to
Roop's Law Assist