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Specified Bank Notes (Cessation of Liabilities) Act
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.
| Act Id | 201702 |
| Act Number | 02 |
| Enactment Date | 2017-02-27 |
| Act Year | 2017 |
| Ministry | Ministry of Finance |
| Enforcement Date | 31-12-2016 |
- All sections
- 1 Short title and commencement
- 2 Definitions
- 3 Specified bank notes to cease to be liability of Reserve Bank or Central Government
- 4 Exchange of specified bank notes
- 5 Prohibition on holding transferring or receiving specified bank notes
- 6 Penalty for contravention of section 4
- 7 Penalty for contravention of section 5
- 8 Offences by companies
- 9 Special provisions relating to offences
- 10 Protection of action taken in good faith
- 11 Power to make rules
- 12 Power to remove difficulties
- 13 Repeal and savings
