Section 6
Penalty for contravention of section 4.
The Specified Bank Notes (Cessation of Liabilities) Act, 2017
About this Act
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.
Whoever knowingly and wilfully makes any
declaration or statement specified under sub-section (1) of section 4, which is false in material
particulars, or omits to make a material statement, or makes a statement which he does not believe to be
true, shall be punishable with fine which may extend to fifty thousand rupees or five times the amount
of the face value of the specified bank notes tendered, whichever is higher.