Act Number: 2

Act Name: The Specified Bank Notes (Cessation of Liabilities) Act, 2017

Year: 2017

Enactment Date: 2017-02-27

Long Title: 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: Ministry of Finance

Department: Department of Economic Affairs

Section 7: Penalty for contravention of section 5.
    Whoever contravenes the provisions of section 5 shall be punishable with fine which may extend to ten thousand rupees or five times the amount of the face value of the specified bank notes involved in the contravention, whichever is higher.
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