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Specified Bank Notes Cessation Of Liabilities Ordinance

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NRIs need to show old notes to Customs at airports

 Non-Resident Indians and Indian nationals abroad can deposit up to Rs 25,000 of the demonetised currency during the 3-6 month grace period, but only if they show the junked notes to Customs......

No jail, but minimum Rs 10,000 fine for holding old notes

 The ordinance on demonetised currency does not propose a jail term for those holding more than 10 junked notes, but imposes a minimum fine of Rs 10,000. The draft ordinance, which will be sent......

Soon, 4-yr jail, penalty for holding more than 10 old notes

 Two days before the deadline for depositing old 500 and 1,000 rupee notes expires, the Cabinet on Wednesday approved the promulgation of an ordinance to make possession of a large number of......

SC pulls up Centre: Why stop people from depositing banned notes after Dec 31

 The Supreme Court on Tuesday asked the Centre why it chose not to create a separate category for those who couldn’t deposit demonetised notes by December 30, 2016 unlike the NRIs and people......

SC: People with genuine reasons should be allowed to deposit old notes

 The Supreme Court on Tuesday granted the Centre and the Reserve Bank of India two weeks to consider the option of granting a window to those who could not deposit their demonetised......

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