Skip to content
CentralAct 2 of 2017

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.

Sections

13 in this Act

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