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Small Coins ( Offences ) Act, 1971 Section 3

Title: Prohibition on Melting or Destruction of Small Coins

State: Central

Year: 1971

.....coins of a person, due regard shall be had to-- (i) his total daily requirements of small coins, (ii) the nature of his business, occupation or profession, (iii) the mode of his acquisition of small coins, and (iv) the manner in which, and the place at which, such small coins are being possessed, held or controlled by him. (2) Whoever is found to be in the possession of any metal, which contains alloys in the same proportions in which they have been used in the manufacture of any small coin, shall be presumed, until the contrary is proved, to have contravened the provisions of sub-section (1). (3) Nothing contained in sub-section (1) or sub-section (2) shall apply to the mint.

Coinage Act, 2011, (Central) Section 12

Title: Prohibition of Making or Melting or Destruction of Coins

State: Central

Year: 2011

.....possessed, held or controlled by him. (2) Whoever is found to be in possession of any metal or material which contains alloys in the same proportions in which they have been used in the manufacture of any coin shall be presumed, until the contrary is proved, to have contravened the provisions of sub-section (1). (3) Nothing in this section shall apply-- (i) to any person who is found in possession of any metal or scraps or scissel, etc., of non-recyclable coinage metal, which he may so possess as a result of valid disposal by auctions by a Mint; (ii) to the Mint, Reserve Bank of India and its authorised agents, and suppliers of coins or coin blanks to the extent of orders placed by or under the authority of the Government until their supply or completion of orders placed by the Government; (iii) to any prospective supplier who intends to supply coin or coin blanks as samples against a valid tender documents purchased by him provided that quantity is in reasonable agreement with quantity of samples to be supplied.

Small Coins (Offences) Act, 1971 Complete Act

State: Central

Year: 1971

..... (2) Whoever is found to be in the possession of any metal, which contains alloys in the same proportions in which they have been used in the manufacture of any small coin, shall be presumed, until the contrary is proved, to have contravened the provisions of sub-section (i). (3) Nothing contained in sub-section (1) or sub-section (2) shall apply to the mint. SECTION 04: PENALTY FOR CONTRAVENTION OF SECTION 2 - Whoever contravenes any provision of sub-section (1) of section 3 -without any reasonable excuse, the burden of proving of which shall lie on such person. shall be punishable with imprisonment for a term of not less than three months but not more than five years. SECTION 05: OFFENCES BY COMPANIES (1) Where an offence against this Act has been committed by a company, every person who, at the time the offence was committed, was in charge of, and was responsible to, the company for the conduct of its business, shall be deemed to be guilty of the offence shall be liable to be proceeded against and punished accordingly : Provided that nothing contained in this sub-section shall render any person liable to punishment, if he proves that the offence was committed.....