The Specified Bank Notes (Cessation of Liabilities) Act, 2017
Central Act · Act 2 of 201713 provisions
The enactment
| Long title | 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. |
|---|---|
| Type | Act |
| Citation | Act 2 of 2017 |
| Year | 2017 |
| Jurisdiction | Central |
| Ministry | Ministry of Finance |
| Status | In force as published by the source |
| Provisions published | 13 |
| Subjects | taxation, financial |
Full text, provision by provision
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- Section 1 Short title and commencement.
- Section 2 Definitions.
- Section 3 Specified bank notes to cease to be liability of Reserve Bank or Central Government.
- Section 4 Exchange of specified bank notes.
- Section 5 Prohibition on holding transferring or receiving specified bank notes.
- Section 6 Penalty for contravention of section 4.
- Section 7 Penalty for contravention of section 5.
- Section 8 Offences by companies.
- Section 9 Special provisions relating to offences.
- Section 10 Protection of action taken in good faith.
- Section 11 Power to make rules.
- Section 12 Power to remove difficulties.
- Section 13 Repeal and savings.
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