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COINAGE OF ONE HUNDRED AND RUPEES AND FIVE RUPEES COINED TO COMMEMORATE THE OCCASION OF SHAHID BHAGAT SINGH BIRTH CENTENERY (1907-2007) RULES 2007

COINAGE OF ONE HUNDRED AND RUPEES AND FIVE RUPEES COINED TO COMMEMORATE THE OCCASION OF SHAHID BHAGAT SINGH BIRTH CENTENERY (1907-2007) RULES 2007

Preamble - COINAGE OF ONE HUNDRED AND RUPEES AND FIVE RUPEES COINED TO COMMEMORATE THE OCCASION OF SHAHID BHAGAT SINGH BIRTH CENTENERY (1907-2007) RULES 2007

COINAGE OF ONE HUNDRED AND RUPEES AND FIVE RUPEES COINED TO COMMEMORATE THE OCCASION OF SHAHID BHAGAT SINGH BIRTH CENTENERY (1907-2007) RULES 2007

PREAMBLE

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


Rule 1 - Short title and commencement

(1) These rules may be called the Coinage of One Hundred Rupees and Five Rupees coined to commemorate the occasion of "Shahid Bhagat Singh Birth Centenery (1907-2007)" Rules 2007.

(2) They shall come into force on the date of their publication in the Official Gazette.


Rule 2 - Definition

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


Rule 3 - RULE 3

Standard weight and remedy allowed on coins of certain denomination coined to commemorate the occasion of "Shahid Bhagat Singh Birth Centenery (1907-2007)". The standard weight of the coins of the following denominations, coined under the provisions of Section 6 of the Act, to commemorate the occasion of "Shahid Bhagat Singh Birth Centenery (1907-2007)" and the remedy allowed in the making of such coins shall be as specified in the Table below:- 

TABLE

Denomination Standard  Remedy allowed

 

 Weight

in composition

in standard weight

(1)

(2)

(3)

(4)

One Hundred Rupees

35 Grams

1/500th plus or minus for Silver, that is to say, the Silver content may vary from 498 to 502 per 1000.

1/100th plus or minus, that is to say, the weight could vary from 34.65 grams to 35.35 grams.

Five Rupees

6 Grams

1/100th plus or both for Iron and Chromium that is to Iron could vary from 82% to 84% and Chromium from 16% to 18%.

1/25th plus or minus, that is to say, the weight could vary from 5.76 grams to 6.24 grams.