Ministry of Finance TheDollarBusiness

Coinage Rules, 2016 notified

Dated 26th February, 2016 | Copy of | Notification Sl47 |

  In exercise of the powers conferred by Section 24 of the Coinage Act, 2011 (11 of 2011), the Central Government hereby makes the following rules, namely:-

1 Short title and commencement.- (1) These rules may be called the Coinage (issue of commemorative coins on the occasion of one hundred twenty-fifth Year of National Archives of India) Rules, 2016.

(2) They shall come into force on the date of their publication in the Official Gazette.

2 Denomination of coins.- The coins of the following denominations shall also be coined at the Mint for issue under the authority of the Central Government to commemorate the occasion of 125th Years of National Archives of India, namely:-

(i) one hundred twenty five rupees; and

(ii) ten rupees.

3. Dimension and composition of coins.- The coins of the denominations mentioned in rule 2 shall conform to the following dimensions and composition, namely:-

MF

 4. Design.- The design of the coins shall be as specified in the First Schedule to these rules.

5. Standard weight and remedy allowed.- Standard weight of the coins of the following denominations, and the remedy allowed in making of such coins shall be as specified in the Second Schedule to these rules.

The First Schedule (See rule 4)

(i) ONE HUNDRED TWENTY FIVE RUPEES

OBVERSE: The face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend “lR;eso t;rs” inscribed below, flanked on the left periphery with the word “भारत” in Devanagari script and on the right periphery with the word “INDIA” in English, and it shall also bear the Rupee symbol “`” and denominational value “125” in International Numerals below the Lion Capitol.

MF-1

  Sd/- (Pankaj gupta) Under Secy.

G.S.R.197(E) F.No.04/07/2015-Coin Issued by: Ministry of Finance (Department Economic Affairs) New Delhi

The Dollar Business Bureau - Mar 17, 2016 12:22 IST
 
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