THE COINAGE ACT, 2011

ACT NO. 11 OF 2011 · Enacted [1st September, 2011.] · 28 sections

PRELIMINARY

Section 1.Short title, extent and commencement.

Section 2.Definitions.

ESTABLISHMENT OF MINTS

Section 3.Power to establish and abolish Mints.

COINAGE

Section 4.Denominations, dimensions, designs and composition of coins.

Section 5.Standard weight and remedy.

Section 6.Coin when a legal tender.

Section 7.Decimal system of coinage.

Section 8.Power to call in coin.

DIMINISHED, DEFACED AND COUNTERFEIT COINS

Section 9.Power to certain persons to cut, diminished or defaced coins.

Section 10.Power to certain persons to cut counterfeit coins.

Section 11.Power of Mint to delegate its functions.

OFFENCES AND PENALTIES

Section 12.Prohibition of making or melting or destruction of coins.

Section 13.Penalty for contravention of section 12.

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

Section 15.Prohibition and penalty for bringing metal piece for use as coin.

Section 16.Offences by companies.

MISCELLANEOUS

Section 17.Forfeiture.

Section 18.Probation of Offenders Act, 1958 not to apply to offences under this Act.

Section 19.Offences to be cognizable, bailable and non-compoundable.

Section 20.Amendment of Act 2 of 1934.

Section 21.Offences may be tried summarily.

Section 22.Protection of action taken in good faith.

Section 23.Power to remove difficulties.

Section 24.Power to make rules.

Section 25.Rules to be laid before Parliament.

Section 26.Saving of making other coins at Mints.

Section 27.Repeal and savings.

Section 28.Continuance of existing coins.