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Union of India - Act

The Coinage (Standard Weight and Remedy of Commemorative Coins) of One hundred rupees (Containing Silver 50%, Copper 40% Nickel 5% and Zinc 5%) Ten rupees (containing Copper 75% and Nickel 25%) and One rupee Ferritic Stainless Steel (containing Iron 82% and Chromium 18%) coined on the occasion of the celebration of the Birth Centenary of "Lok Nayak Jaya Prakash Narayan" Rules, 2002

UNION OF INDIA
India

The Coinage (Standard Weight and Remedy of Commemorative Coins) of One hundred rupees (Containing Silver 50%, Copper 40% Nickel 5% and Zinc 5%) Ten rupees (containing Copper 75% and Nickel 25%) and One rupee Ferritic Stainless Steel (containing Iron 82% and Chromium 18%) coined on the occasion of the celebration of the Birth Centenary of "Lok Nayak Jaya Prakash Narayan" Rules, 2002

Rule THE-COINAGE-STANDARD-WEIGHT-AND-REMEDY-OF-COMMEMORATIVE-COINS-OF-ONE-HUNDRED-RUPEES-CONTAINING-SILVER-50-COPPER-40-NICKEL-5-AND-ZINC-5-TEN-RUPEES-CONTAINING-COPPER-75-AND-NICKEL-25-AND-ONE-RUPEE-FERRITIC-STAINLESS-STEEL-CONTAINING-IRON-82-AND-CHROMIUM-18-COINED-ON-THE-OCCASION-OF-THE-CELEBRATION-OF-THE-BIRTH-CENTENARY-OF-LOK-NAYAK-JAYA-PRAKASH-NARAYAN-RULES-2002 of 2002

  • Published on 30 May 2002
  • Commenced on 30 May 2002
  • [This is the version of this document from 30 May 2002.]
  • [Note: The original publication document is not available and this content could not be verified.]
The Coinage (Standard Weight and Remedy of Commemorative Coins) of One hundred rupees (Containing Silver 50%, Copper 40% Nickel 5% and Zinc 5%) Ten rupees (containing Copper 75% and Nickel 25%) and One rupee Ferritic Stainless Steel (containing Iron 82% and Chromium 18%) coined on the occasion of the celebration of the Birth Centenary of "Lok Nayak Jaya Prakash Narayan" Rules, 2002Published vide Notification No. G.S.R. 395(E), dated 30th May, 2002Ministry of Finance(Department of Economic Affairs)G.S.R. 395(E). - In exercise of the powers conferred by sub-section (1) of section 21 read with section 7 of the Coinage Act, 1906 (3 of 1906), the Central Government hereby makes the following rules, namely ;-

1. Short title and commencement.

(1)These rules may be called the Coinage (Standard Weight and Remedy of Commemorative Coins) of One hundred rupees (Containing Silver 50%, Copper 40%, Nickel 5% and Zinc 5%) Ten rupees (containing Copper 75% and Nickel 25%) and One rupee Ferritic Stainless Steel (containing Iron 82% and Chromium 18%) coined on the occasion of the celebration of the Birth Centenary of "Lok Nayak Jaya Prakash Narayan" Rules, 2002.
(2)They shall come into force on the date of their publication in the official Gazelle.

2. Definition.

- In these rules, "Act" means Coinage Act, 1906 (3 of 1906).

3. Standard Weight and Remedy allowed on coins of certain denominations.

- The standard weight of the coins on the occasion of Birth Centenary of "Lok Nayak Jaya Prakash Narayan" to be issued in the denominations specified in column (1) of the Table below, coined under the provisions of section 6 of the Act, and the remedy allowed in making of such coins shall be as specified in corresponding entries in columns (2) and (3) respectively said :-Table
Denomination Standard Weight Remedy Allowed
    in Composition in Standard Weight
(1) (2) (3) (4)
One 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, the weight,could vary from 34.65 grams to 35.25 grams.
Ten Rupees 12.5 Grams 1/100thplus or minus for Copper and Nickel, thatis to say, Copper could vary from 74% to 76% and nickel from 24%to 26% 1/40thplus or minus that is to say, the weightcould vary from 12.187 grams to 12.812 grams.
One Rupees 4.85 Grams 1/200thplus or minus for Chromium that is to say,Chromium could vary from 17.5% to 18.5% 1/25thplus or minus, that is to say, the weightcould vary from 4.656 grams to 5.044 grams.