Face Minimum Rs 10K Fine for Holding Banned Currency Notes, No Jail Term – Outlook India

January 03 15:11 2017

The ordinance on demonetised currency does not propose a jail term for those holding more than 10 junked notes, but imposes a minimum fine of Rs 10,000. The draft ordinance, which will be sent to President Pranab Mukherjee for his assent, will come …

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