Specified Bank Notes (Cessation of Liabilities) Act, 2017 [A11-MK6]

As at 7 September 2026. In force from 28 August 2017.

Dates: made 28 August 2017; in force 28 August 2017; ceased none recorded. Gazette: none recorded. Band A.

Synthetic. The words of this Act are generated by the register; its title, number and year are real.

Cite: Specified Bank Notes (Cessation of Liabilities) Act, 2017, Act 2 of 2017 [A11-MK6]. Machine: A11-MK6.

Sections (39)

Chapter I. PRELIMINARY

Chapter II. RESERVE BANK

Chapter III. REGULATION OF THE BUSINESS OF BANKING

Chapter IV. OFFENCES AND PENALTIES

Chapter V. MISCELLANEOUS

Section 1. Short title, extent and commencement [S28-285]

Section 2. Definitions [S28-297]

Section 3. Appointment of Reserve Bank [S28-2A1]

Section 4. Registration of financials institution [S28-2B3]

Section 5. Prohibition of the enforcement of security interest without licence [S28-2CD]

Section 6. Grant of licence [S28-2DF]

Section 7. Maintenance of records and furnishing of returns [S28-2E9]

Section 8. Powers of authorised officer [S28-2FB]

Section 9. Power to issue directions [S28-2GG]

Section 10. Power to exempt [S28-2HJ]

Section 11. Registration of bankings company [S28-2JM]

Section 12. Prohibition of the borrowing of money without licence [S28-2KP]

Section 13. Grant of licence [S28-2MR]

Section 14. Maintenance of records and furnishing of returns [S28-2NT]

Section 15. Powers of authorised officer [S28-2PW]

Section 16. Power to issue directions [S28-2QY]

Section 17. Power to exempt [S28-2R0]

Section 18. Registration of depositors [S28-2S2]

Section 19. Prohibition of the business of a financial institution without licence [S28-2T4]

Section 20. Grant of licence [S28-2V6]

Section 21. Maintenance of records and furnishing of returns [S28-2W8]

Section 22. Powers of authorised officer [S28-2XA]

Section 23. Power to issue directions [S28-2YC]

Section 24. Power to exempt [S28-2ZE]

Section 25. Registration of secureds creditor [S28-30H]

Section 26. Prohibition of the business of banking without licence [S28-31K]

Section 27. Grant of licence [S28-32N]

Section 28. Maintenance of records and furnishing of returns [S28-33Q]

Section 29. Powers of authorised officer [S28-34S]

Section 30. Power to issue directions [S28-35V]

Section 31. Power to exempt [S28-36X]

Section 32. Registration of borrowers [S28-37Z]

Section 33. Penalty for contravention [S28-381]

Section 34. Offences by companies [S28-393]

Section 35. Appeal [S28-3A5]

Section 36. Cognizance of offences [S28-3B7]

Section 37. Protection of action taken in good faith [S28-3C9]

Section 38. Power to make rules [S28-3DB]

Section 39. Power to remove difficulties [S28-3ED]

Made under

No recital of a power is printed.

Acts on (0)

none

Acted on by (4)

Amends: Specified Bank Notes (Cessation of Liabilities) Act (Amendment) Act, 2022 [A11-SV7], 23 August 2022. "section 35 of the Specified Bank Notes (Cessation of Liabilities) Act, 2017 (2 of 2017)".

Amends: Specified Bank Notes (Cessation of Liabilities) Act (Amendment) Act, 2023 [A11-TSF], 9 June 2023. "section 33 of the Specified Bank Notes (Cessation of Liabilities) Act, 2017 (2 of 2017)".

Exempts: Notification S.O. 637(E), dated 24th May, 2021 [N12-KYM], 24 May 2021. "section 4 of the said Act".

Amends: Specified Bank Notes (Cessation of Liabilities) Act (Amendment) Act, 2020 [A11-QXP], 20 November 2020. "section 35 of the Specified Bank Notes (Cessation of Liabilities) Act, 2017 (2 of 2017)".

Not held (1)

"section 3 of the Reserve Bank of India Act, 1934"