Amendment status not verified — confirm the current text below against the official source.
When day of maturity is a holiday.—When the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument shall be deemed to be due on the next preceding, business day. Explanation.—The expression “public holiday” includes Sundays: 1*** and any other day declared by the 2[Central Government], by notification in the Official Gazette, to be a public holiday. CHAPTER III PARTIES TO NOTES, BILLS AND CHEQUES.