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The Coinage Act, 2011

Central

An Act to consolidate the laws relating to coinage and the Mints, the protection of coinage and to provide for the prohibition of melting or destruction of coins and prohibit the making or the possession thereof for issue and for matters connected therewith or incidental thereto.

Act number
11 of 2011
Ministry
Ministry of Finance
Department
Department of Economic Affairs
Enacted
1 Sep 2011

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

28 sections

  1. Section 1Short title, extent and commencement.
  2. Section 2Definitions.
  3. Section 3Power to establish and abolish Mints.
  4. Section 4Denominations, dimensions, designs and composition of coins.
  5. Section 5Standard weight and remedy.
  6. Section 6Coin when a legal tender.
  7. Section 7Decimal system of coinage.
  8. Section 8Power to call in coin.
  9. Section 9Power to certain persons to cut, diminished or defaced coins.
  10. Section 10Power to certain persons to cut counterfeit coins.
  11. Section 11Power of Mint to delegate its functions.
  12. Section 12Prohibition of making or melting or destruction of coins.
  13. Section 13Penalty for contravention of section 12.
  14. Section 14Prohibition and penalty for unlawful making, issue or possession of pieces of metal to be used as money.
  15. Section 15Prohibition and penalty for bringing metal piece for use as coin.
  16. Section 16Offences by companies.
  17. Section 17Forfeiture.
  18. Section 18Probation of Offenders Act, 1958 not to apply to offences under this Act.
  19. Section 19Offences to be cognizable, bailable and non-compoundable.
  20. Section 20Amendment of Act 2 of 1934.
  21. Section 21Offences may be tried summarily.
  22. Section 22Protection of action taken in good faith.
  23. Section 23Power to remove difficulties.
  24. Section 24Power to make rules.
  25. Section 25Rules to be laid before Parliament.
  26. Section 26Saving of making other coins at Mints.
  27. Section 27Repeal and savings.
  28. Section 28Continuance of existing coins.