Tag: Furnishing wrong information while depositing the old currency between January 1 and March 31 will attract a fine of Rs 5000 or five times the amount

POSSESSION OF SCRAPPED CURRENCY NOTES BEYOND 30-12-2016 WILL ATTRACT CRIMINAL PROCEEDINGS AND FURNISHING WRONG INFORMATION WHILE DEPOSITING OLD CURRENCY WILL ATTRACT FINE FROM 1-1-2017 TO 31-3-2017

  The government on Wednesday approved promulgation of an Ordinance to make possession of more than 10 scrapped banknotes a penal offence. The Specified Bank Notes Cessation of Liabilities Ordinance makes holding of old 1,000 and 500 rupee notes after March 31 beyond a threshold amount a criminal offence. Furnishing wrong information while depositing the … Continue reading POSSESSION OF SCRAPPED CURRENCY NOTES BEYOND 30-12-2016 WILL ATTRACT CRIMINAL PROCEEDINGS AND FURNISHING WRONG INFORMATION WHILE DEPOSITING OLD CURRENCY WILL ATTRACT FINE FROM 1-1-2017 TO 31-3-2017 →