Home India Ministry of Finance In exercise of the powers conferred by Section 24 of the Coi...
Date: 2016-03-11 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by Section 24 of the Coinage Act 2011 11 of 2011 the Central Government hereby makes the following rules namely

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Executive Summary & Key Takeaways

Executive Summary: This notification from the Ministry of Finance announces rules for the issuance of commemorative coins for the centenary celebration of Banaras Hindu University. It specifies the denomination, composition, design, standard weight, and remedies allowed for the coins. The rules, titled "Coinage Issue of Commemorative Coins on the occasion of centenary celebration of Banaras Hindu University Rules, 2016," take effect on the date of publication in the Official Gazette (March 9, 2016). Key Points / Main Content: Coin Denominations: * A One Hundred Rupees coin will be coined. * A Ten Rupees coin will be coined. Coin Composition and Dimensions: * One Hundred Rupees coin: Circular shape, 44mm diameter, quaternary alloy (50% Silver, 40% Copper, 5% Nickel, 5% Zinc). * Ten Rupees coin: Circular shape, 27mm diameter, bi-metallic (Outer Ring: Aluminium Bronze - Copper 92%, Aluminum 6%, Nickel 2%; Center Piece: Cupro Nickel - Copper 75%, Nickel 25%). Coin Design: * Both coins' obverse side: Lion Capitol of Ashoka Pillar in the center, the word भारत in Devanagari script on the left, the word INDIA in English on the right, the Rupee symbol, and denominational value in international numerals. Skirting design on the entire periphery. * Both coins' reverse side: Logo of Banaras Hindu University with the image of the university entrance, "काशी हिन्दू विश्वविद्यालय" in Devanagari and "CENTENARY YEAR" in English written above. "बनारस हिन्दू विश्वविद्यालय" in Devanagari script and "BANARAS HINDU UNIVERSITY" in English on the upper and lower periphery, respectively. The years "1916" and "2016" in international numerals on the left and right, respectively. Skirting design on the entire periphery. Standard Weight and Remedy: * One Hundred Rupees coin: Standard weight 35 grams; remedy allowed is ± 1/1500 for silver content (weight may vary from 34.65 to 35.35 grams). * Ten Rupees coin: Standard weight 7.71 grams. Outer Ring Aluminium Bronze Plus or minus 2.5 percent grams and Centre Nickel 1.75 percent to 2 percent and remainder are Copper. Centre Piece Cupro Nickel Plus or Minus 1 percent for both Copper and Nickel Impact Analysis: Central Government: * Impact: Responsible for authorizing the minting and issuing of the commemorative coins. * Action Required: Ensure the mint follows the specified rules regarding denomination, composition, design, weight, and remedies. Mint: * Impact: Tasked with minting the commemorative coins according to the specified guidelines. * Action Required: Adhere to the rules outlined in the notification concerning the composition, dimensions, design, standard weight, and permissible remedies for the coins. General Public/Collectors: * Impact: Opportunity to acquire commemorative coins celebrating the centenary of Banaras Hindu University. * Action Required: Be aware of the coins' specifications and availability through official channels.

Key Entities Referenced

Coinage Act, 2011: An act of the Indian Parliament governing coinage, referenced as the legal basis for the rules outlined in the policy document. Central Government: The executive authority responsible for issuing the commemorative coins, as stated in the document. Coinage Issue of Commemorative Coins on the occasion of centenary celebration of Banaras Hindu University Rules, 2016: The formal title of the rules being established for the issuance of commemorative coins. Banaras Hindu University: The university whose centenary celebration is the occasion for the commemorative coins. One Hundred Rupees: One of the denominations of the commemorative coins to be issued. Ten Rupees: Another denomination of the commemorative coins to be issued. Lion Capitol of Ashoka Pillar: A national emblem of India featured on the obverse side of the commemorative coins. Pankaj Gupta: Under Secretary, name mentioned at the end of the notification
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िनकल – 02 !ितशत (ि -धातुक) कककक&&&&’’’’ीीीीयययय भभभभाााागगगग (कू!ो िनकल) तांबा- 75 !ितशत िनकल – 25 !ितशत 4. ििििडडडडज़ज़ज़ज़ााााइइइइनननन–––– िस(cid:21)% का िडज़ाइन वह होगा जो इन िनयम% क(cid:30) पहली अनुसूची म(cid:15) िविनTदUट (cid:4)कया गया ह।ै 5. ममममााााननननकककक ववववजजजजनननन ततततथथथथाााा अअअअनननन++ुु++ुु ाााातततत छछछछूूूूटटटट: िन,िलिखत अं(cid:4)कत मू(cid:6)य के िस(cid:21)% का मानक वजन और ऐसे िस(cid:21)% को बनाने म(cid:15) अनुWात छूट वह होगी जो इन िनयम% क(cid:30) दसू री अनुसूची म(cid:15) िविनTदUट होगी। (cid:17)(cid:17)(cid:17)(cid:17)थथथथमममम अअअअननननससुुससुु चचूूचचूू ीीीी ((((ििििननननययययमममम 4444 ददददखखेेखखेे &)&)&)&) ((((iiii)))) एएएएकककक ससससौौौौ 4444पपपपयययय ेे ेे अअअअ6666 भभभभाााागगगग िस(cid:21)% के मुख भाग पर मZय म(cid:15) अशोक <त[भ का 4सह शीष(cid:13) होगा, िजसके नीचे ““““सससस7777ययययममममववेेववेे जजजजययययतततत””ेे””ेे उ]क(cid:30)^णत होगा, उसक(cid:30) बाय_ प‘रिध पर दवे नागरी िलिप म (cid:15) “भभभभााााररररतततत” शaद और दाय_ प‘रिध पर अbं जे ी म(cid:15) ““““INDIA”””” शaद होगा और 4सह शीष(cid:13) के नीच े Dपया का !तीक ““““ ”””” और अंतरा(cid:13)cीय अंक% म(cid:15) अं(cid:4)कत मू(cid:6)य ““““111100000000”””” भी होगा । इस िस= के क(cid:30) समूची प‘रिध पर सीमांत िडजाइन बनाया गया ह।ै पपपप99ृृ99ृृ भभभभाााागगगग िस(cid:21)े के इस भाग पर िव7 विव8ालय !वशे के िच> के साथ बनारस 4हद ूिव7व िव8ालय का लोगो होगा। लागो और िव7व िव8ालय !वेश के िच> के ऊपर दवे नागरी म(cid:15) ““““शशशशतततताााा;;;;दद दद ीीीी ववववषषषष””""””"" तथा अंbजी म(cid:15) CENTENARY YEAR उ]क (cid:30)^णत होगा। िस= के क(cid:30) ऊपरी प‘रिध पर दवे नागरी म(cid:15) ““““ककककााााशशशशीीीी ====हहहहदददद ूूूू ििििवववव????वव वव ििििवववव@@@@ााााललललयययय”””” तथा िनचली प‘रिध पर अंbजी म(cid:15) “BANARAS HINDU UNIVERSITY” उ]क (cid:30)^णत होगा। िस=क े क(cid:30) बाय_ तथा दाय_ ओर अंतरा(cid:13)U fीय अंको म(cid:15) “1916” और “2016” वष(cid:13) िलखा होगा। इस िस=क े क(cid:30) समूची प‘रिध पर सीमांत िडजाइन बनाया गया ह।ै ((((iiiiiiii)))) ददददसससस 4444पपपपयययय ेे ेे अअअअ6666 भभभभाााागगगग िस(cid:21)े के मुख भाग पर मZय म(cid:15) अशोक <त[भ का 4सह शीष(cid:13) होगा, िजसके नीचे ““““सससस7777ययययममममववेेववेे जजजजययययतततत””ेे””ेे उ]क(cid:30)^णत होगा, उसक(cid:30) बाय_ प‘रिध पर दवे नागरी िलिप म (cid:15) ““““भभभभााााररररतततत”””” शaद और दाय_ प‘रिध पर अbं जे ी म(cid:15) ““““INDIA”””” शaद होगा और 4सह शीष(cid:13) के नीचे Dपया का !तीक ““““ ”””” और अंतरा(cid:13)cीय अंक% म(cid:15) अं(cid:4)कत मू(cid:6)य ““““11110000”””” भी होगा । इस िस= के क(cid:30) समूची प‘रिध पर सीमातं िडजाइन बनाया गया ह।ै¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 3 पपपप99ृृ99ृृ भभभभाााागगगग िस(cid:21)े के इस भाग पर िव7 विव8ालय !वशे के िच> के साथ बनारस 4हद ूिव7व िव8ालय का लोगो होगा। लागो और िव7व िव8ालय !वेश के िच> के ऊपर दवे नागरी म(cid:15) ““““शशशशतततताााा;;;;दद दद ीीीी ववववषषषष””""””"" तथा अंbजी म(cid:15) CENTENARY YEAR उ]क (cid:30)^णत होगा। िस= के क(cid:30) ऊपरी प‘रिध पर दवे नागरी म(cid:15) ““““ककककााााशशशशीीीी ====हहहहदददद ूूूू ििििवववव????वव वव ििििवववव@@@@ााााललललयययय”””” तथा िनचली प‘रिध पर अंbजी म(cid:15) “BANARAS HINDU UNIVERSITY” उ]क (cid:30)^णत होगा। िस=क े क(cid:30) बाय_ तथा दाय_ ओर अंतरा(cid:13)U fीय अंक% म(cid:15) “1916” और “2016” वष(cid:13) िलखा होगा। इस िस=क े क(cid:30) समूची प‘रिध पर सीमांत िडजाइन बनाया गया ह।ै ददददससससूूूू ररररीीीी अअअअननननुसुसुसुसचचूूचचूू ीीीी ((((ििििननननययययमममम 5555 ददददखखेेखखेे &)&)&)&) अनुWात छूट िस(cid:21)े का अं(cid:4)कत मू(cid:6)य मानक वजन संरचना म (cid:15) मानक वजन म (cid:15) (1) (2) (3) (4) एक सौ Dपय े 35 bाम चांदी म(cid:15) 1/500वां जोड़ 1/100वां जोड़ कर कर या घटा कर अथा(cid:13)त या घटा कर अथा(cid:13)त चाँदी म(cid:15) !ित 1000 म(cid:15) वजन म(cid:15) 34.65 bाम 498 से 502 तक का अंतर से 35.35 bाम तक हो सकेगा । का अंतर हो सकता ह ै। दस Dपये 7.71 bाम (बाK वलय बाK वलय- 2.5 !ितशत जोड़ 4.45 bाम और मZय भाग (ए(cid:6)य िु मिनयम-कांसा) कर या घटा कर 3.26 bाम) ए(cid:6)य िु मिनयम- 5.5 अथा(cid:13)त वजन म(cid:15) !ितशत स े 6 !ितशत, 7.52 bाम स े 7.90 bाम का अंतर हो िनकल- 1.75 !ितशत स े सकता ह।ै 2 !ितशत और शेष ताबं ा ह।ै मZय भाग- (कू!ो- िनकल) तांबा और िनकल दोन% के िलए 1 !ितशत जोड़ कर या घटा कर अथा(cid:13)त तांबे म (cid:15) 74 !ितशत से 76 !ितशत और िनकल म(cid:15) 24 !ितशत से 26 !ितशत का अंतर हो सकता ह।ै [फा. सं. 02/29/2015-िस(cid:21)ा] पंकज गुgा, अवर सिचव4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 9th March, 2016 G.S.R. 292(E).—In exercise of the powers conferred by Section 24 of the Coinage Act, 2011 (11 of 2011), the Central Government hereby makes the following rules, namely:- 1. Short title and commencement.- (1) These rules may be called the Coinage (Issue of Commemorative Coins on the occasion of centenary celebration of Banaras Hindu University) Rules, 2016. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Denomination of coins.- The coins of the following denominations shall also be coined at the Mint for issue under the authority of the Central Government to commemorate the occasion of centenary celebration of Banaras Hindu University, namely:- (i) One Hundred Rupees; and (ii) Ten Rupees 3. Dimension and composition of coins.- The coins of the denominations mentioned in rule 2 shall conform to the following dimensions and composition, namely:- Denomination Shape and outside Number of Metal Composition of the coin diameter Serrations (1) (2) (3) (4) One Hundred Circular 200 Quaternary Alloy Rupees 44 millimeter Silver - 50 Percent Copper - 40 Percent Nickel - 05 Percent Zinc - 05 Percent Ten Circular --- Outer Ring Rupees 27 millimeter (Aluminium Bronze) (Bi- metallic) Copper - 92 Percent Aluminum- 06 Percent Nickel - 02 Percent Center Piece (Cupro Nickel) Copper – 75 Percent Nickel – 25 Percent 4. Design.-The Design of the coins shall be as specified in the First Schedule to these rules. 5. Standard weight and remedy allowed.-Standard weight of the coins of the following denominations, and the remedy allowed in making of such coins shall be as specified in the Second Schedule to these rules. The First Schedule (See rule 4) (i) ONE HUNDRED RUPEES- OBVERSE: The face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend “स(cid:9)यमेव जयते” inscribed below, flanked on the left periphery with the word “भारत” in Devanagari script and on the right¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 5 periphery with the word “INDIA” in English, and it shall also bear the Rupee symbol “`” and denominational value “100” in international numerals below the Lion Capitol. The skirting design is made on entire periphery of this coin. REVERSE: This face of the coin shall bear the Logo of Banaras Hindu University along with the image of university Entrance. “शता(cid:20)द(cid:22) वष”(cid:25) in Devanagari script and CENTENARY YEAR in English shall be written above the image of Logo and Entrance of university. The inscription “काशी (cid:28)ह(cid:30)द ू व!विव(cid:3)ालय” in Devanagari script and “BANARAS HINDU UNIVERSITY” in English shall be on upper and lower periphery of the coin respectively. The year "1916” and “2016” in international numerals shall be written at the centre on left and right periphery of the coin respectively. The skirting design is made on entire periphery of this coin. (ii) TEN RUPEES- OBVERSE: The face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend “स(cid:9)यमेव जयते” inscribed below, flanked on the left periphery with the word “भारत” in Devanagari script and on the right periphery with the word “INDIA” in English, and it shall also bear the Rupee symbol “`” and denominational value “10” in international numerals below the Lion Capitol. The skirting design is made on entire periphery of this coin. REVERSE: This face of the coin shall bear the Logo of Banaras Hindu University along with the image of university Entrance. “शता(cid:20)द(cid:22) वष”(cid:25) in Devanagari script and CENTENARY YEAR in English shall be written above the image of Logo and Entrance of university. The inscription “काशी (cid:28)ह(cid:30)द ू व!विव(cid:3)ालय” in Devanagari script and “BANARAS HINDU UNIVERSITY” in English shall be on upper and lower periphery of the coin respectively. The year "1916” and “2016” in international numerals shall be written at the centre on left and right periphery of the coin respectively. The skirting design is made on entire periphery of this coin. The Second Schedule (See rule 5) Denomination of Standard Weight Remedy Allowed coin In composition In Standard Weight (1) (2) (3) (4) One Hundred 35 Grams 1/500th plus or minus for silver, that is 1/100th plus or minus to say the Silver content may vary that is to say, weight Rupees from 498 to 502 per 1000. could vary from 34.65grams to 35.35 grams. Ten 7.71 Grams Outer Ring (Aluminium Bronze) Plus or minus 2.5 percent that is to say, Rupees (Outer Ring 4.45 Aluminium –5.5 percent to 6 percent weight could vary from6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] grams and Centre Nickel – 1.75 percent to 2 percent and 7.52 grams to 7.90 remainder are Copper. grams. Piece 3.26 grams) Centre Piece (Cupro - Nickel) Plus or Minus 1 percent for both Copper and Nickel, that is to say, the Copper may vary from 74 percent to 76 percent and Nickel may vary from 24 percent to 26 percent. [F. No. 02/29/2015-Coin] PANKAJ GUPTA, Under Secy. Uploaded by the Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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