https://www.taxtmi.com/notifications?id=119852 The Ordinance provides that, on the appointed day, specified bank notes cease to be liabilities of the Reserve Bank and lose the Central Government guarantee. A grace period, to be notified by the Central Government, allows eligible holders to tender notes with required declarations; the Reserve Bank may verify and credit values to Know Your Customer compliant bank accounts, with representation available to the Central Board for refusals. Holding, transfer, or receipt of specified notes is prohibited subject to stated exceptions, and penalties and corporate liability rules are prescribed. en-us Fri, 30 Dec 2016 00:00:00 +0530 Sat, 31 Dec 2016 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119852 The Ordinance provides that, on the appointed day, specified bank notes cease to be liabilities of the Reserve Bank and lose the Central Government guarantee. A grace period, to be notified by the Central Government, allows eligible holders to tender notes with required declarations; the Reserve Bank may verify and credit values to Know Your Customer compliant bank accounts, with representation available to the Central Board for refusals. Holding, transfer, or receipt of specified notes is prohibited subject to stated exceptions, and penalties and corporate liability rules are prescribed. Notifications Indian Laws Fri, 30 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119852