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Govt notifies law to make banned note possession punishable

News and Press Release - Dated:- 2-3-2017 - New Delhi, Mar 1 (PTI) The government has notified the law that makes holding of more than 10 scrapped notes punishable with a minimum fine of ₹ 10,000. The Specified Bank Notes (Cessation of Liabilities) Act, 2017, was passed by Parliament last month with a view to eliminating the possibility of running a parallel economy using the old ₹ 500/1,000 notes that have been demonetised. The law, signed by President Pranab Mukherjee on February 2 .....

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