Currency Act 2020 · Updated to 28 Feb 2020 · Part IV · Currency Processing Business
40. Currency remains property of person from whom currency was detained if currency is genuine
Feedback & supportAny currency note or currency coin detained and surrendered to the police under section 39 shall remain as the property of the person from whom the currency note or currency coin is detained if the currency note or currency coin is discovered to be genuine.
currency note
“currency note” means a note issued by the Bank including a commemorative note issued by the Bank for, or to commemorate, a particular event or purpose; Currency 9
No person shall be entitled to recover any compensation for any loss suffered by him due to the detention of currency note or currency coin under section 37.
person
“person” means any natural person, corporation, statutory body, local authority, society, trade union, co-operative society, partnership or any other body, organisation, association or group of persons, whether corporate or unincorporated and includes the Government and any State Government;
Submission of document or information