Re: [IAC#RG] Fwd: Suggestions Invited: Accidental Discovery of demonetised currency at home post Dec 30 Deadline

Please see clause 4(ii) of the ordinance accessible through
http://www.livelaw.in/president-approves-specified-bank-notes-cessation-liabilities-ordinance-2016/

For non-NRIs and pesons outside India, it requires a notification from Central Govt.

" .... such class of persons, and for such reasons as may be specified by notification of Central Government"

Howevver, there are still long queues outside RBI's offices in New Delhi for note exchange, so I wonder what is going on since ther is as yet no notifn issued for ordinary people.

Sarbajit

On Wed, Jan 11, 2017 at 9:11 PM, Ranga Rao <dsrangarao@gmail.com> wrote:

​''​

I feel in this case the party can directly approach the reserve bank branch to deposit the amount giving proper explanation.  That way they can save money from spending as lawyer's fee.  If one is not corrupt he

​/

she

​

can boldly give the explanation (even an affidavit) at the time of depositing the money in RBI. If the money that

​i​

s hidden run

​

s

​

into crores then there is reason to suspect the party.

Probably the number of cases where they forget the hidden money may be

​

a

​

few and may run into a maximum of one or two lakhs in each case.

​''​

 

Regards,
D.S.Ranga Rao
8379813275

9969 069 144

---------- Forwarded message ----------
From: Prabhakara Rao <prabhakara50@gmail.com>
Date: Wed, Jan 11, 2017 at 8:57 PM
Subject: Re: [IAC#RG] Suggestions Invited: Accidental Discovery of demonetised currency at home post Dec 30 Deadline
To: Ranga Rao <dsrangarao@gmail.com>

I feel in this case the party can directly approach the reserve bank branch to deposit the amount giving proper explanation.  That way they can save money from spending as lawyer's fee.  If one is not corrupt he can boldly give the explanation (even an affidavit) at the time of depositing the money in RBI. If the money that was hidden running into crores then there is reason to suspect the party.

Probably the number of cases where they forget the hidden money may be few and may run into a maximum of one or two lakhs in each case. 

Regards,

Prabhakara Rao