Negotiable Instruments Act, 1881
99. Noting
When a promissory note or bill of exchange has been dishonored
by non-acceptance or non-payment, the holder may cause such dishonor to be noted
by a notary public upon the instrument, or upon a paper attached thereto, or
partly upon each, such note must be made within a reasonable time after
dishonor, and must specify the date of dishonor, the reason, if any assigned
for such dishonor, or if the instrument has not been expressly dishonored, the
reason why the holder treats it as dishonored, and the notary's charges.