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The Specified Bank Notes (Cessation of Liabilities) Act `2017

An Act to provide in the public interest for the cessation of liabilities on the specified bank notes and for matters connected therewith or incidental thereto.

List of Chapters & Sections

All sections
  1. All sections

    • 1Short title and commencement
    • 2Definitions
    • 3Specified bank notes to cease to be liability of Reserve Bank or Central Government
    • 4Exchange of specified bank notes
    • 5Prohibition on holding transferring or receiving specified bank notes
    • 6Penalty for contravention of section 4
    • 7Penalty for contravention of section 5
    • 8Offences by companies
    • 9Special provisions relating to offences
    • 10Protection of action taken in good faith
    • 11Power to make rules
    • 12Power to remove difficulties
    • 13Repeal and savings