Section Text
, and
(b) in other cases, under section 17-.
SECTION 20: POWER TO CERTAIN PERSONS TO CUT COUNTERFEIT OR FRAUDULENTLY DEFACED COIN AND PROCEDURE IN REGARD TO COIN SO CUT
Where any28[* * *] coin purporting to be coined or issued under the authority of the [Central Government]" is tendered to any person authorised by the29[Central Government]30 [* * .*] to act under this section, and such person has reason to believe that the coin is counterfeit31[or has been fraudulently defaced], he shall by himself or another cut or break the coin, and may at his discretion either return the pieces to the tenderer, who shall bear the loss caused by such cutting or breaking, or32 [in the case of silver coin] receive and pay for the coin according to the value of the silver bullion contained in it.
SECTION 21: POWER TO MAKE RULES
(1) [The Central Government may, by notification in the Official Gazette, make rules]33to carry out the purposes and objects of this Act..
(2) In particular and without prejudice to the generality of the foregoing power, such rules may-34[ * * *]
(b) provide for the guidance of persons authorised to cut or break coin under sections 16-and20-; (c) determine the percentage of diminution in weight below standard weight not being less35[than two percent, in the case of silver coins or five percent, in the case of pure nickel], which shall be the limit of reasonable wear;
(d) prescribe the further percentage referred to in clause (a) of section 17-, and the rates at which payments shall be made in the case of coins falling under the same clause36[* * *]
36[ * * *]
37[ (3) Every rule made under this section shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in Session for a total period of thirty days which may be comprised in one Session or in two or more Successive Sessions, and if, before the expiry of the Session immediately following the Session or the Successive Sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.]
SECTION 22: BAR OF SUITS
No suit or other proceeding shall lie against any person in respect of anything in good faith done, or intended to be done, under or in pursuance of the provisions of this Act.
SECTION 23: SAVING OF MAKING OF OTHER COINS AT MINTS
Nothing in this Act shall be deemed to prohibit or restrict the making at the Mint of coins intended for issue as money by the Government of any territories beyond the limits of38[India.]
SECTION 24: TEMPORARY PROVISIONS WITH RESPECT TO CERTAIN HYDERABAD COINS
Notwithstanding anything in section 6 of the Part B States (Laws) Act, 1951-, coins of such description as at the commencement of the said Act were in circulation as legal tender in40[the State of Hyderabad] shall continue to be legal tender in that State to the like extent and subject to the same conditions as immediately before the commencement of the said Act for such period, not exceeding41[for years] from such commencement, as the Central Government may, by notification in the Official Gazette, determine.]
SECTION 25: TEMPORARY PROVISIONS WITH RESPECT TO FRENCH COINS
Notwithstanding anything contained in para. 6 of the French Establishments (Application of Laws) Order, 1954, or in this Act coins of such description as at the commencement of the said Order were in circulation as legal tender in the French Establishments, as defined in that Order, shall continue to be legal tender in the said establishments to the like extent and subject to the same conditions as immediately before the commencement of the said Order and for such period or periods, not exceeding one year in the aggregate from such commencement, as the Central Government may from time to time, by notification in the Official Gazette, determine.]