Act Number: 11

Act Name: The High Denomination Bank Notes (Demonetisation) Act, 1978

Year: 1978

Enactment Date: 1978-03-30

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Economic Affairs

Section 4: Prohibition of transfer and receipt of high denomination bank notes.
    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.
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