Currency and Monetary Order, 2004 (Formerly Known as Currency Act) · s 19

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s 19

(1)

No person shall be entitled to recover from the Board the value of any lost, stolen, mutilated or imperfect currency note or coin.

(2)

The circumstances and conditions under which such value may be refunded as of grace shall be within the absolute discretion of the Board.

(3)

Mutilated currency notes or coins, or currency notes or coins that have been illegally dealt with, shall be repossessed by any officer of the Board or other person, authorised by the Board, in writing in that behalf when tendered to the

Board or to such other person, as the case may be.

Demonetisation of currency notes and coins.