Act 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.

  • Ministry of Finance
  • Department of Economic Affairs
  • Enacted 2017-02-27
  • 13 sections
SectionTitle
1 Short title and commencement. Read
2 Definitions. Read
3 Specified bank notes to cease to be liability of Reserve Bank or Central Government. Read
4 Exchange of specified bank notes. Read
5 Prohibition on holding transferring or receiving specified bank notes. Read
6 Penalty for contravention of section 4. Read
7 Penalty for contravention of section 5. Read
8 Offences by companies. Read
9 Special provisions relating to offences. Read
10 Protection of action taken in good faith. Read
11 Power to make rules. Read
12 Power to remove difficulties. Read
13 Repeal and savings. Read
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