Section 4

Prohibition of transfer and receipt of high denomination bank notes.

The High Denomination Bank Notes (Demonetisation) Act, 1978

  • Act 11 of 1978
  • Ministry of Finance
  • Department of Economic Affairs
About this Act

An Act to provide in the public interest for the demonetisation of certain high denomination bank notes and for matters connected therewith or incidental thereto.

All sections
    Save as provided by or under this Act, no person shall, after the 16th day of January, 1978, transfer to the possession of another person or receive into his possession from another person any high denomination banknote.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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