Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 119] [Entire Act]

Union of India - Section

Section 14 in The Coinage Act, 2011

14. Prohibition and penalty for unlawful making, issue or possession of pieces of metal to be used as money.—

(1)No person shall—
(a)make or issue or attempt to issue any metal piece except as provided under section 4 for the purpose of coin;
(b)possess, custody or control of any metal piece with the intent to issue the piece for use as money for a medium of exchange.
(2)Whoever contravenes the provisions of sub-section (1) shall be punishable with imprisonment which may extend to one year or with fine or with both:Provided that if any person convicted under this section is again convicted, he shall be punishable with imprisonment which may extend to three years or with fine or with both.