If a negotiable instrument is made, drawn, accepted or indorsed 1[outside India], but in accordance with the 2[law of India], the circumstances that any agreement evidenced by such instrument is invalid according to the law of the country wherein it was entered into does not invalidate any subsequent acceptance or indorsement made thereon 3[within India].

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Footnote -

1. Subs. by the A.O. 1948, A.O. 1950 and the Act 3 of 1951, s. 3 and the Sch. for "out of British India".

2. Subs. by s. 3, ibid., for "law of British India".

3. Subs. by s. 3, ibid., for in "British India".