Section 29

Bank exempt from stamp duty on bank notes.

The Reserve Bank of India Act, 1934

  • Act 2 of 1934
  • Ministry of Finance
  • Department of Financial Services
About this Act

An Act to Constitute a Reserve Bank of India.

All sections
    The Bank shall not be liable to the payment of any stamp duty under the Indian Stamp Act, 1899 (2 of 1899) in respect of bank notes 1*** issued by it.

Notes

1. The words "or Burma notes" omitted by Act 11 of 1947, s. 16 (w.e.f. 1-4-1947) which was earlier inserted by the M.O. 1937.

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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