Section 9
Closing of banks and Government treasuries.
The High Denomination Bank Notes (Demonetisation) Act, 1978
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.
(1) All banks and Government treasuries shall be
closed on the 17th day of January, 1978 for the transaction of all business except the preparation and
presentation or, as the case may be, receipt of the returns referred to in section 5.
(2) Subject to the provisions of sub-section (1), the 17th day of January, 1978 shall, for the purposes of the Negotiable Instruments Act, 1881 (26 of 1881), be deemed to be a public holiday notified under that Act.
(2) Subject to the provisions of sub-section (1), the 17th day of January, 1978 shall, for the purposes of the Negotiable Instruments Act, 1881 (26 of 1881), be deemed to be a public holiday notified under that Act.