Government agencies are closely monitoring receipt of fake currency notes in Banks and Post Office; Special watch is being kept receipt of fake notes in the States bordering our neighbouring countries. One of the primary objectives of cancellation of legal tender character of old series of Rs.500/- and Rs.1000/- notes was to check the menace… Read More »
FAQs on Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Revised) (Updated as on November 08, 2016) (Updated as on November 11, 2016) (Updated as on November 12, 2016) 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher… Read More »
Date : Nov 12, 2016 Withdrawal of Legal Tender Character of ₹ 500 and ₹ 1,000: RBI Statement The withdrawal of the legal tender character of the then existing bank notes in ₹ 500 and ₹ 1,000 cast a huge responsibility on the banking system to swiftly withdraw these specified bank notes in as smooth… Read More »
HIGH COURT OF DELHI Council of Institute of Chartered Accountants of India v. B.K. Dhingra PRADEEP NANDRAJOG AND MS. PRATIBHA RANI, JJ. CHAT.A.REF. NO. 1 OF 2013 SEPTEMBER 22, 2016 Rakesh Agarwal and Pulkit Agarwal Advs. for the Relator. ORDER Pradeep Nandrajog, J. – This is a reference under Section 21(5) of the Chartered… Read More »
Constitutional validity of entry tax upholded by Supreme Court SUPREME COURT OF INDIA Jindal Stainless Ltd. v. State of Haryana ASHOK BHUSHAN, J. C.A. NOS. 6383-6421 OF 1997 & ETC. NOVEMBER 11, 2016 Download the judgement of Supreme Court on Constitutional validity of entry tax upholded by Supreme Court
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Reporting and Monitoring RBI/2016-17/125 DCM (Plg) No.1264/10.27.00/2016-17 November 11, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ Cooperative Banks Dear Sir, Withdrawal of… Read More »
RBI/2016-17/127 A.P. (DIR Series) Circular No. 17 November 11, 2016 To All Authorised Persons Madam / Sir, Issue of Pre-Paid Instruments to foreign tourists Attention of Authorised Persons is invited to the A.P. (DIR Series) Circular No. 16 dated November 9, 2016 on Withdrawal of the legal tender character of the existing and any older… Read More »
Requisition Slip / Request Slip for exchange of Old High Denomination Bank Notes in denominations of Rs 500/- and Rs 1000/- Rs 500 and Rs 1000 Bank Notes of aggregate value upto Rs. 4000 only held by a person can be exchanged by him/her at any bank branch or Issue Office of Reserve Bank of… Read More »
Governments Departments can withdraw cash beyond Rs 10000 in exceptional cases RBI/2016-17/124 DCM (Plg) No.1256/10.27.00/2016-17 November 11, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir Withdrawal of Legal Tender Character of existing ₹ 500/-… Read More »
Enough Cash is Available, RBI reassures; urges Public to exercise Patience and Exchange Notes at Convenience Date : Nov 11, 2016 In a statement issued today, the Reserve Bank of India has said that consequent to the withdrawal of Legal Tender Character of existing ₹ 500 and ₹ 1000 Bank Notes, it has made arrangements… Read More »