by • 17/06/2011 • 2nd year BankingComments (1)2088


When the bill is dishonored, the holder lodges his complaint with the notary public. The whole process of taking up the matter with it is known as noting and protesting.

Noting: The notary public is notified by the holder of the dishonour of the bill by non-acceptance or nonpayment. This process is known as noting. This noting is entered in the register of the notary public which becomes a confirmed proof that the bill has been dishonored. Before noting is registered, the notary public requires necessary supporting evidence of dishonor. The noting is also made on a separate piece of paper in addition to the register.

The notary public receives a fee, known as noting charges, for rendering this service. Later, these charges are recovered by the holder from the  person responsible for dishonor.

The noting carries the following information:

  1. Dishonor of the bill
  2. Date of dishonor
  3. Reasons for the dishonor
  4. Noting charges
  5. Signature and seal of the notary public.
  6. Serial number on the register of the notary public.
  7. If the dishonor does not contain any explicit reason, the explanation of the holder is justified as to why he takes it as dishonor.

If the bill is not dishonored expressly the notary public may note the dishonor as ‘office closed’ or drawer or acceptor not found.


Protesting: Protesting is the written affirmation by the notary pubic of he dishonor of the bill. The certificate issued to this effect to the holder is known as a protest.

The protest has the following contents:

  1. The dishonored bill or its attested photocopy.
  2. The names of the holder (complainant) and the person responsible for the dishonor.
  3. Reason for the dishonor.
  4. Date of the dishonor.
  5. Signature and seal of the notary public.


Holder In Due Course: It is the party who took hold of the bill in good faith for value and without knowledge of any defect in the title of the person from whom he took it. The holder in due course is a person who takes a bill complete and regular on the face of it, not overdue, and without notice as of any previous dishonor.

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