Part XIV - AMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC. (From Section 156 to Section 189)
Restriction on cash receipts: high value payments must be made by bank instruments or electronic transfer, with limited exemptions. A new provision prohibits receiving cash amounts of two lakh rupees or more-aggregated in a day, in a single transaction, or for transactions relating to one event-unless the amount is received by account payee cheque, account payee bank draft or electronic clearing system through a bank account; exemptions cover receipts by the Government, specified banking entities, transactions subject to the prior related prohibition, and any additional classes notified by the Central Government, with certain definitions cross referred to the earlier provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Restriction on cash receipts: high value payments must be made by bank instruments or electronic transfer, with limited exemptions.
A new provision prohibits receiving cash amounts of two lakh rupees or more-aggregated in a day, in a single transaction, or for transactions relating to one event-unless the amount is received by account payee cheque, account payee bank draft or electronic clearing system through a bank account; exemptions cover receipts by the Government, specified banking entities, transactions subject to the prior related prohibition, and any additional classes notified by the Central Government, with certain definitions cross referred to the earlier provision.
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