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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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        Case ID :
        FEMA & RBI

        Issue of Rs. 500 denomination banknotes with inset letter 'E' in numbering panel

        April 12, 2014

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        The Reserve Bank of India will shortly issue Rs. 500 denomination Banknotes incorporating " Rs. " symbol on the obverse and reverse, with inset letter 'E' in both the numbering panels, in the Mahatma Gandhi Series-2005 bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2014' printed on the reverse of the Banknote.

        The design of theseBanknotes to be issued now is similar in all respects to the Rs. 500 Banknotes in Mahatma Gandhi Series-2005 issued earlier.

        All the Banknotes in the denomination of Rs. 500 issued by the Bank in the past will continue to be legal tender.

        Nayana Dhuru

        Assistant Manager

        Issue of banknotes with inset letter E and matching series design, maintaining existing notes' legal tender status. Issuance of banknotes in a specified denomination bearing the currency symbol and inset letter 'E' in both numbering panels, matching the Mahatma Gandhi Series-2005 design and bearing the Governor's signature and year of printing; all previously issued banknotes of the same denomination will continue to be legal tender.
                          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.

                                Issue of banknotes with inset letter E and matching series design, maintaining existing notes' legal tender status.

                                Issuance of banknotes in a specified denomination bearing the currency symbol and inset letter 'E' in both numbering panels, matching the Mahatma Gandhi Series-2005 design and bearing the Governor's signature and year of printing; all previously issued banknotes of the same denomination will continue to be legal tender.


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