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Section 24 of the Limitation Act, 1963 deals with computation of time mentioned in instruments. What is the rule?
Answer & Solution
Correct answer: D.
1. Section 24 of the Limitation Act, 1963: '**All instruments shall for the purposes of this Act be deemed to be made with reference to the Gregorian Calendar.**'
2. So irrespective of any other calendar that the parties may have used in dating the instrument, computation under the Limitation Act follows the Gregorian / British calendar.
3. The provision parallels the General Clauses Act definition of 'Year' as reckoned according to the British calendar.
4. Options B, C and D substitute calendars that are not adopted by Section 24.
_Source: ICSI CS Executive — Lesson 7, 'Computation of Time mentioned in Instruments', p. 159._
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