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COINAGE OF THE ONE HUNDRED RUPEES AND FIVE RUPEES COINED TO COMMEMORATE THE OCCASION OF "100 YEARS OF INDIAN COUNCIL OF MEDICAL RESEARCH" RULES, 2011

COINAGE OF THE ONE HUNDRED RUPEES AND FIVE RUPEES COINED TO COMMEMORATE THE OCCASION OF "100 YEARS OF INDIAN COUNCIL OF MEDICAL RESEARCH" RULES, 2011

Preamble - COINAGE OF THE ONE HUNDRED RUPEES AND FIVE RUPEES COINED TO COMMEMORATE THE OCCASION OF "100 YEARS OF INDIAN COUNCIL OF MEDICAL RESEARCH" RULES, 2011

COINAGE OF THE ONE HUNDRED RUPEES AND FIVE RUPEES COINED TO COMMEMORATE THE OCCASION OF "100 YEARS OF INDIAN COUNCIL OF MEDICAL RESEARCH" RULES, 2011

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 the One Hundred Rupees and Five Rupees coined to Commemorate the occasion of "100 Years of Indian Council of Medical Research" Rules, 2011.

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


Rule 2 - Standard weight and remedy allowed

Standard weight and remedy allowed on coins of ` 100 and ` 5 denominations, coined under the provision of Section 6 of the Coinage Act 1906 (3 of 1906) to commemorate the occasion of "100 Years of Indian Council of Medical Research" and the remedy allowed in making of such coins shall be as specified in the Table below:--

TABLE

Denomination

Standard Weight

Remedy Allowed

  

  

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 minus for Copper and Zinc, that is to say, Copper could vary from 74% to 76% and Zinc from 19% to 21% and 1/200th plus or minus for nickel, that is to say could vary from 4.5% to 5.5%.

1/40th plus or minus that is to say, the weight could vary from 5.85 grams to 6.15 grams.