Section 28 of The Coinage Act, 2011
Notwithstanding the repeal of the enactments and the Ordinance specified in sub-section (1) of section 27,--
- (a)all coins issued under the said enactments; and
- (b)Government of India one rupee note issued under the Currency Ordinance, 1940 (Ord. IV of 1940), which are legal tender immediately before the commencement of the Coinage Act, 2011 shall be deemed to be the coin and continue to be legal tender in payment or on account under the corresponding provisions of this Act.
Summary
- All coins issued under the repealed laws remain legal tender.
- The Government of India one-rupee notes issued under the repealed Currency Ordinance, 1940 also remain legal tender.
- This applies only to coins and one-rupee notes that were active legal tender right before the 2011 Act commenced.
- These existing coins and notes are treated as coins under the corresponding rules of the Coinage Act, 2011.
Practical examples
FAQ
1. Do coins minted under the old 1906 Act stop being valid when the 2011 Act starts?
No, all coins issued under the repealed acts that were legal tender immediately before the commencement of the 2011 Act continue to be legal tender.
2. Are old one-rupee paper notes still valid under The Coinage Act, 2011?
Yes, Government of India one-rupee notes issued under the Currency Ordinance, 1940 continue to be legal tender and are treated as coins under this Act.
3. Does this section apply to any old coin ever minted in history?
No, it only applies to coins and one-rupee notes that were recognized as legal tender immediately before the commencement of the Coinage Act, 2011.
Test yourself
Q1.Under Section 28 of The Coinage Act, 2011, what is the legal status of coins issued under the old laws repealed by Section 27(1)?
Q2.Under Section 28 of The Coinage Act, 2011, which specific paper currency note is explicitly saved and treated as a coin?
Q3.Under Section 28 of The Coinage Act, 2011, what condition must old coins or notes meet to remain legal tender under the new Act?
Q4.Under Section 28 of The Coinage Act, 2011, which other section's repeal provisions are referenced as the source of the repealed enactments?
Q5.Under Section 28 and Section 6 of The Coinage Act, 2011, if an old one-rupee coin remains legal tender, what is the maximum sum for which it can be used as payment?
Q6.Under Section 28 and Section 6 of The Coinage Act, 2011, what happens to an old coin from a repealed act if it has been defaced?