The Coinage of the Fifty Rupees and Five Rupees coined to commemorate the occasion of "Golden Jubilee Celebration of ONGC on the 14th August, 2006"

Published vide Notification No. G.S.R. 465(E), 8th August, 2006

Act2477

Ministry of Finance

(Department of Economic Affairs)

G.S.R. 465(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 :-

Short title and commencement.- (1) These rules may be called the Coinage of the Fifty Rupees and Five Rupees coined to commemorate the occasion of "Golden Jubilee Celebration of ONGC on the 14^thAugust, 2006".

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

Definition.- In these rules, "Act" means the Coinage Act, 1906 (3 of 1906).
Standard Weight and Remedy allowed on coins of certain denominations coined to commemorate the occasion of "Golden Jubilee Celebration of ONGC on the 14^thAugust, 2006":- 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 "Golden Jubilee Celebration of ONGC on the 14^th August, 2006" and the remedy allowed in making of such coins shall be as specified in the Table below :-

Table

Denomination	Standard weight	Remedy Allowed
Denomination	Standard weight	In composition	In standard weight
(1)	(2)	(3)	(4)
Fifty Rupees	22.5 Grams	1/500^th plus or minus for Silver, that is to say, the Silver contents may vary from 498 to 502 per 1000.	1/40^th plus or minus, that is to say, the weight could vary from 21.9375 grams to 23.0625 grams.
Five Rupees	9 Grams	1/100^th plus or minus both for Copper and Nickel, that is to say, Copper could vary from 74% to 76%and Nickel from 24% to 26%.	1/40^th plus or minus, that is to say, the weight could vary from 8.7750 grams to 9.2250 grams.