Specified Bank Notes (Cessation of Liabilities) Act, 2017
Bare 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.
- Act number
- 2 of 2017
- Enacted
- 27 February 2017
- Contents
- 13 sections
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Contents
- 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 (preview)
- Section 7 – Penalty for contravention of section 5 (preview)
- Section 8 – Offences by companies (preview)
- Section 9 – Special provisions relating to offences (preview)
- Section 10 – Protection of action taken in good faith (preview)
- Section 11 – Power to make rules (preview)
- Section 12 – Power to remove difficulties (preview)
- Section 13 – Repeal and savings (preview)