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
- 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