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Coinage Act, 2011

 Powered By: Law House  Category: Banking/Financial, Bare Act, Constitution, Custom & Central Exice, Defence, Property, Public Related, Stamp, State, Tax  Pages: 13  Country: India  Language: English  File Size: 116 Kb  Download
 Description:

An Act to consolidate the laws relating to coinage and the Mints, the protection of coinage and to provide for the prohibition of melting or destruction of coins and prohibit the making or the possession thereof for issue and for matters connected therewith or incidental thereto.

Is coin collecting legal in India?
The Government of India has the sole right to mint coins. The responsibility for coinage vests with the Government of India in terms of the Coinage Act, 1906 as amended from time to time. The designing and minting of coins in various denominations is also the responsibility of the Government of India.
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