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 co...
Short title and commencement
1. This Act may be called the Coinage Act, 2011. 2. It extends to the whole of India.3. It shall come into force on such date as the Central G...
In this Act, unless the context otherwise requires, a. Coin means any coin which is made of any metal or any other material stamped by the Government or...
|Chapter II||Establishment of Mints|
Power to establish and abolish Mints
The Government may, by notification,a. establish a Mint at any place which may be managed by it or by any other person, which may be authorised for this...
Denominations, dimensions, designs and composition of coins
Coins may be minted at the Mints or at any other place authorised under the proviso to section 3 of such denominations not higher than one thousand rupees and...
Standard weight and remedy
The standard weight of the coin of any denomination, minted under the provisions of section 4, and the remedy allowed in making of such coins, shall be such a...
Coin when a legal tender
1. The coins issued under the authority of section 4 shall be a legal tender in payment or on account, in case ofa. a coin of any denomination not l...
Decimal system of coinage
1. The rupee shall be divided into one hundred units and any such unit may be designated by the Government, by notification, under such name as it thinks...
Power to call in coin
Notwithstanding anything contained in section 6, the Government may, by notification, call in with effect from such date as may be specified in the notificati...
|Chapter IV||Diminished, Defaced and Counterfeit Coins|
Power to certain persons to cut diminished or defaced coins
1. Where any coin which has been minted and issued by or under the authority of the Government is tendered to any person authorised by it to act under th...
Power to certain persons to cut counterfeit coins
Where any coin minted or issued by or under the authority of the Government is tendered to any person authorised by the Government under section 9 and such pe...
Power of Mint to delegate its functions
The Mint may in writing authorise any other organisation of the Government to melt withdrawn coins or take any help of such organisation for the said purpose....
|Chapter V||Offences and Penalties|
Prohibition of making or melting or destruction of coins
1. No person shall i. use any metal piece as coin whether stamped or unstamped, intended to be used as money except by the authori...
Penalty for contravention of section 12
Whoever contravenes any provisions of section 12 shall be punishable with imprisonment which may extend to seven years and with fine....
Prohibition and penalty for unlawful making, issue or possession of pieces of metal to be used as money
1. No person shalla. make or issue or attempt to issue any metal piece except as provided under section 4 for the purpose of coin;b. Possess cust...
Prohibition and penalty for bringing metal piece for use as coin
1. No person shall bring by sea or by land or by air into India of any piece of metal to be used as coin except with the authority or permission of the G...
Offences by companies
1. Where an offence under this Act has been committed by a company, every person who at the time the offence was committed was in charge of, and was resp...
Any coin or metal in relation to which any offence under this Act has been committed shall be forfeited to the Government....
Probation of Offenders Act, 1958 not to apply to offences under this Act
Nothing in the Probation of Offenders Act, 1958 (20 of 1958) shall apply to offences under this Act....
Offences to be cognizable, bailable and no compoundable
Notwithstanding anything contained in the Code of Criminal Procedure, 1973 (2 of 1974), offences under this Act shall be cognizable and bailable, but shall no...
Amendment of Act 2 of 1934
In the Reserve Bank of India Act, 1934, i. in section 2, in clause (d), for the words and figures the Indian Coinage Act, 1906 (3 of 1906) , t...
Offences may be tried summarily
Notwithstanding anything contained in section 260 of the Code of Criminal Procedure, 1973 (2 of 1974), offences under this Act may be tried summarily by a Jud...
Protection of action taken in good faith
No suit or other legal proceedings shall lie against any person in respect of anything which is in good faith done, or intended to be done, under or in pursua...
Power to remove difficulties
1. If any difficulty arises in giving effect to the provisions of this Act, the Government may, by order published in the Official Gazette, make such pr...
Power to make rules
1. The Government may, by notification, make rules to carry out the purposes of this Act.2. In particular, and without prejudice to the generality ...
Rules to be laid before Parliament
Every rule made under this Act shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session for a total period o...
Saving of making other coins at Mints
Nothing in this Act shall be deemed to prohibit or restrict the making at any Mint in India of coins intended for issue as money by the foreign Government of ...
Repeal and savings
1. The following enactments are hereby repealed a. the Metal Tokens Act, 1889 (1 of 1889);b. the Coinage Act, 1906 (3 of 1906);c. the Bronze ...
Continuance of existing coins
Notwithstanding the repeal of the enactments and the Ordinance specified in sub-section (1) of section 27,a. all coins issued under the said enactments;...