demonetisation of high denomination bank notes was in india.
demonetisation of high denomination bank notes was in india.
demonetisation of high denomination bank notes was in?
india
the high denomination bank notes (demonetisation) act, 1978









































the high denomination bank notes (demonetisation) act, 1978, of india is a law passed in the indian parliament, ceasing the usage of high-denomination bank notes of ₹ 500, and ₹1000.









































on 16 january 1978, the then president of india neelam sanjiva reddy introduced the high denomination bank notes (demonetisation), ordinance 1978. the then prime minister india, morarji desai of janata party, finance minister hirubhai m. patel, and reserve bank of india governor i. g. patel, are considered the key architects in the development and execution of the policy.
the high denomination bank notes (demonetisation) act, 1978
section::::passage in the parliament.









































the act was passed by consideration in both houses of parliament and supreme court, and was implemented by an issue of an ordinance on 16 january 1978, which was later made an act, from 30 march 1978.









































section::::details.









































the demonetisation act of 1978 has fifteen sections.









































section 2 details the usage of words bank notes in act









































section::::amendment.









































section::::amendment.:1998.
the high denomination bank notes (demonetisation) act, 1978