Coinage of the Five Rupees coined to commemorate the occassion of "Mahatma Basaveshwara" Rules, 2006

The Coinage of the Five Rupees coined to commemorate the occassion of "Mahatma Basaveshwara" Rules, 2006

Published vide Notification No. G.S.R. 312(E), 26th April, 2007

Act2402

Ministry of Finance

(Department of Economic Affairs)

G.S.R. 312(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 :-

1. Short title and commencement.- (1) These rules may be called the Coinage of the Five Rupees coined to commemorate the occassion of "Mahatma Basaveshwara" Rules, 2006.

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

2. Definition.- In these rules, "Act" means the Coinage Act, 1906 (3 of 1906).
3. - Standard Weight and Remedy allowed on coin of following denominations, coined under the provisions of Section 6 of the Act, to commemorate the event of "Mahatma Basaveshwara" 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)
Five Rupees	6 Grams	1/200 plus or minus for Chromium, that is to say Chromium could vary from 17.5% to 18.5%.	1/25th plus or minus, that is to say, the weight could vary from 5.76 grams to 6.24 grams.