143:, which then ruled over large parts of India, wanted to take away this power of issuing banknotes from the commercial banks, as a result of which The Paper Currency Act, 1861 was enacted into law.
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Before the passing of the Act, there were a number of commercial banks in India which issued their own banknotes to the general public. Some of these commercial banks included:
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was passed which effectively repealed The Paper
Currency Act, 1861. From now onwards, the
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The three
Presidency Banks of India became the issuer of banknotes on the behalf of the
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An Act to consolidate and amend the law relating to the
Government Paper Currency
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253:"Indian Currency, Exchange Rate Regime and Policy: A Retrospective View"
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270:"Dose of history: How paper currency came in India 150 years ago"
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government became the sole issuer of banknotes in India.
234:"Cash of the titans: How India's paper money came to be"
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Burange, L. G.; Ranadive, Rucha R. (December 2011).
296:Interpretation of the Act by Reserve Bank of India
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195:became the sole issuer of banknotes in India.
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151:After the enactment of the Act, the
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103:is an act in India dating from the
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121:General Bank of Bengal and Bihar
189:Reserve Bank of India Act, 1934
129:, which had been set up by the
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306:Further Amendments to the Act
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336:Legislation in British India
101:The Paper Currency Act, 1861
21:The Paper Currency Act, 1861
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331:Negotiable instrument law
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258:. University of Mumbai.
213:"Reserve Bank of India"
193:Reserve Bank of India
105:British colonial rule
341:1861 in British law
291:The Text of the Act
276:. 22 November 2016.
147:Tenets and Precepts
301:History of the Act
160:East India Company
153:East India Company
141:East India Company
131:Alexander and Co.
127:Bank of Hindostan
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58:Act No. 3 of 1861
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274:India Today
315:Categories
199:References
183:Repealment
111:Background
38:Long title
81:Commenced
93:Repealed
55:Citation
90:Status:
73:Enacted
256:(PDF)
139:The
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84:1861
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