Tag Archives: 1978 demonetization

High Denomination Bank Notes (Demonetisation) Act 1978

By | November 21, 2016

HIGH DENOMINATION BANK NOTES (DEMONETISATION) ACT, 1978 [11 OF 1978] Section – 1, High Denomination Bank Notes (Demonetisation) Act, 1978 An Act to provide in the public interest for the demonetisation of certain high denomination bank notes and for matters connected therewith or incidental thereto. WHEREAS the availability of high denomination bank notes facilitates the… Read More »

Demonetization is not Unconstitutional : Supreme Court Judgement

By | November 12, 2016

Supreme Court on Demonetization Supreme Court on Demonetization :- Case Law Jayantilal Ratanchand Shah vs Reserve Bank Of India & OrsJT 1996 (7), 681 1996 SCALE (5)741. The High Denomination Bank Notes (Demonetization) Act, 1978 (hereinafter referred to as the ‘Demonetization Act) replaced the Ordinance and constitutionality of the same was challenged in Jayantilal Ratanchand Shah vs… Read More »