High Denomination Bank Notes (Demonetisation) Act : Prohibition of transfer and receipt of high

High Denomination Bank Notes (Demonetisation) Act,1978

Act No : 11

Section : Prohibition of transfer and receipt of high denomination bank notes.

4.Prohibition of transfer and receipt of high denomination bank notes. Save as provided by or under this Act, no person shall, after the 16th day of January, 1978, transfer to the possession of another person or receive into his possession from another person any high denomination bank -note.