The Coinage Act, 2011
The Coinage Act, 2011 governs the minting, issuing, and usage of coins in India.
"Coinage Currency Reserve Bank Of India Minting Denominations Counterfeiting"
Summary
The Coinage Act, 2011 regulates the minting, issuing, and usage of coins in India. It defines the different denominations of coins that can be minted and issued, their design and weight, and the rules governing their circulation and exchange. The Act also outlines the penalties for counterfeiting or mutilating coins, and the procedures for handling and exchanging damaged or defective coins. The Reserve Bank of India is responsible for implementing the provisions of the Act.
Table of Contents
Showing up to 15 sections
| # | Section | Link |
|---|---|---|
| 1 | Section 1: Short Title, Extent And Commencement | Open |
| 2 | Section 2: Definitions | Open |
| 3 | Section 3: Power To Establish And Abolish Mints | Open |
| 4 | Section 4: Denominations, Dimensions, Designs And Composition Of Coins | Open |
| 5 | Section 5: Standard Weight And Remedy | Open |
| 6 | Section 6: Coin When A Legal Tender | Open |
| 7 | Section 7: Decimal System Of Coinage | Open |
| 8 | Section 8: Power To Call In Coin | Open |
| 9 | Section 9: Power To Certain Persons To Cut, Diminished Or Defaced Coins | Open |
| 10 | Section 10: Power To Certain Persons To Cut Counterfeit Coins | Open |
| 11 | Section 11: Power Of Mint To Delegate Its Functions | Open |
| 12 | Section 12: Prohibition Of Making Or Melting Or Destruction Of Coins | Open |
| 13 | Section 13: Penalty For Contravention Of Section 12 | Open |
| 14 | Section 14: Prohibition And Penalty For Unlawful Making, Issue Or Possession Of Pieces Of Metal To Be Used As Money | Open |
| 15 | Section 15: Prohibition And Penalty For Bringing Metal Piece For Use As Coin | Open |
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