Section List

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