Coinage of the Hundred Rupees and Five Rupees coined in honour of "Mahatma Basaveshwara" Rules, 2006

The Coinage of the Hundred Rupees and Five Rupees coined in honour of "Mahatma Basaveshwara" Rules, 2006

Published vide Notification No. G.S.R. 22(E), 19th January, 2006

Act2470

Ministry of Finance

(Department of Economic Affairs)

G.S.R. 22(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 herby makes the following rules, namely:-

1. Short title and commencement.- (1) These rules may be called the Coinage of the Hundred Rupees and Five Rupees coined in honour 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 coins of certain denominations coined in honour of "Mahatma Basaveshwara".- The Standard weight of the coins of the following denominations, coined under the provisions of Section 6 of the Act, in honour 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)
One Hundred Rupees	35 grams	1/500th plus or minus for Silver, that is to say, the Silver contents 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	9 grams	1/100th 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%.	1/40th plus or minus, that is to say, the weight could vary from 8.7750 grams to 9.2250 grams.