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Union of India - Act

The Coinage of Five Hundred Rupees and Ten Rupees coins to commemorate the occasion of 3rd India-Africa Forum Summit Rules, 2015

UNION OF INDIA
India

The Coinage of Five Hundred Rupees and Ten Rupees coins to commemorate the occasion of 3rd India-Africa Forum Summit Rules, 2015

Rule THE-COINAGE-OF-FIVE-HUNDRED-RUPEES-AND-TEN-RUPEES-COINS-TO-COMMEMORATE-THE-OCCASION-OF-3RD-INDIA-AFRICA-FORUM-SUMMIT-RULES-2015 of 2015

  • Published on 19 October 2015
  • Commenced on 19 October 2015
  • [This is the version of this document from 19 October 2015.]
  • [Note: The original publication document is not available and this content could not be verified.]
The Coinage of Five Hundred Rupees and Ten Rupees coins to commemorate the occasion of 3rd India-Africa Forum Summit Rules, 2015Published vide Notification No. G.S.R. 798(E), dated 19th October, 2015Ministry of Finance(Department of Economic Affairs)G.S.R. 798(E). - In exercise of the powers conferred by clauses (d) and (e) of sub-section (2) of 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 of Five Hundred Rupees and Ten Rupees coins to commemorate the occasion of 3rd India-Africa Forum Summit Rules, 2015.
(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 on the occasion of 3rd India-Africa Forum Summit, namely:-
(i)Five Hundred Rupees;
(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:-
Denomination of the coin Shape and outside diameter Number of serrations Metal composition
(1) (2) (3) (4)
  Quaternary Alloy
Silver - 50 per cent.
Five Hundred Rupees Circular 44 millimeter 200 Copper - 40 per cent.
  Nickel - 05 per cent.
Zinc - 05 per cent.
  Outer ring
(Aluminium Bronze)
Copper - 92 per cent.
Ten Circular   Aluminum - 06 per cent.
Rupees 27 millimeter --- Nickel - 02 per cent.
  (Bi- metallic) Center piece
  (Cupro Nickel)
Copper – 75 per cent.
Nickel – 25 per cent.

4. Design.

- The design of the coins shall be as under:-
(i)Five Hundred Rupees
Obverse:The face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend inscribed lR;eso t;rs below, flanked on the left periphery with the word Hkkjr in Devanagari script and on the right periphery flanked with the word "India" in English, and it shall also bear the Rupee symbol "`" and denominational value "500" in international numerals below the Lion Capitol.Reverse:The face of coin shall bear the face of Lion in the centre and overlapping outline maps of India and South Africa over the face, with inscription "rhljk Hkkjr&vQzhdk eap f'k[kj lEesyu" Devanagari script on upper periphery. The lower periphery shall bear the inscription "3rd India - Africa Forum Summit" in English. The year's figure "2015" shall be written below the portrait in international numerals.
(ii)Ten 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 Hkkjr in Devanagari script and on the right periphery flanked with the word "INDIA" in English, and it shall also bear the Rupee symbol "`" and denominational value "10" in international numerals below the Lion Capitol.Reverse:The face of coin shall bear the face of Lion in the centre and overlapping outline maps of India and South Africa over the face, with inscription "rhljk Hkkjr&vQzhdk eap f'k[kj lEesyu" in Devanagari script on upper periphery. The lower periphery shall bear the inscription "3rd India - Africa Forum Summit" in English. The year's figure "2015" shall be written below the portrait in international numerals.

5. Standard weight and remedy allowed.

- The Standard weight of the coins of the following denominations coined to commemorate the occasion of "3rd India-Africa Forum Summit" and the remedy allowed in making of such coins shall be as specified in the Table below:-Table
Denomination of coin Standard weight Remedy allowed
In composition In standard weight
(1) (2) (3) (4)
Five Hundred Rupees 35 Grams 1/500thplus or minus for Silver, that is to say,the Silver content may vary from 498 to 502 per 1000. 1/100thplus or minus that is to say, weight couldvary from 34.65 grams to 35.35 grams.
Ten Rupees (Bi-Metallic) 7.71 Grams (Outer ring 4.45 Grams and centre piece 3.26 grams) Outer ring(Aluminium Bronze) Aluminium – 5.5percent to 6 percent, Nickel – 1.75 percent to 2 percentand remainder are Copper.Centre piece(Cupro - Nickel) Plus or Minus 1 percentfor both copper and nickel, that is to say, the copper may varyfrom 74 percent to 76 percent and nickel may vary from 24 percentto 26 percent. Plus or minus 2.5 percent that is to say, weight couldvary from 7.52 grams to 7.90 grams.