that the act amounts to an attempt to damage the monetary stability of India, he may order applying of the provisions of sub-clause (iiia ... amounts to damage or an attempt to damage the monetary stability of India, the Superintendent of Police or such officer empowered under sub-rule
Counterfeit Indian Currency Offences Rules, 2013
5. Damage to the monetary stability of India.
- Damage to the monetary stability of India, referred to in section
foreign country;
or
(iiia) damage to, the monetary stability of India by
way of production or smuggling or circulation of high quality
counterfeit Indian paper ... means of
whatever nature if any damage to the monetary stability of India is caused or
likely to be caused by way of production
foreign country;
or
(iiia) damage to, the monetary stability of India by
way of production or smuggling or circulation of high quality
counterfeit Indian paper ... means of
whatever nature if any damage to the monetary stability of India is caused or
likely to be caused by way of production
appeal 880.22 & 281.23.odt
[(iiia) damage to, the monetary stability of India by way
of production or smuggling or circulation of high quality ... eight rules. Rule 5 clarifies what is
damage to the monetary stability of India. The rule 5 reads as
under :-
Damage to the monetary stability
appeal 880.22 & 281.23.odt
[(iiia) damage to, the monetary stability of India by way
of production or smuggling or circulation of high quality ... eight rules. Rule 5 clarifies what is
damage to the monetary stability of India. The rule 5 reads as
under :-
Damage to the monetary stability
State vs Vikas Kumar Sharma & Ors on 21 August, 2023
1
IN THE COURT
activities and
also threatening the economic security and damaging the monetary stability
of India as provided under Section 15(1) (a) (iiia ... means of whatever nature if any damage to the monetary
stability of India is caused or likely to be caused by way of
production
power. (See Emperor v. Shibnath Barerjee;( 2) Om
Parkash v. Union of India (3). Therefore, the ambit of the
general power conferred by sub-section ... Bank
notes, keeping reserves with a view to securing monetary
stability in India and generally to operate the currency and
credit system of the country
keeping the reserves with t view to securing
monetary stability in India and generally to operate the
currency and credit system of the country ... provisions of the Reserve
Bank of India Act show that the Reserve Bank of India has
been created as a central bank with powers
