Judgment Search Results Home > Cases Phrase: indian coinage act 1906 section 13 coin when a legal tender Page 1 of about 294 results (0.138 seconds)

Somi Horam Tongkhul Naga Vs. Union of India (Uoi) and ors.

Court : Guwahati

..... section 39 of the act imposes an obligation to supply different forms of currency and it provides:-- '(1) the bank shall issue rupee coin on demand in exchange for bank notes and currency notes of the government of india, and shall issue currency notes or bank notes on demand in exchange for coin which is legal tender under the indian coinage act, 1906 ..... bank shall in exchange for currency notes or bank notes of two rupees or upwards, supply currency notes or bank notes of lower value or other coins which are legal tender under the indian coinage act, 1906, in such quantities as may, in the opinion of the bank, be required for circulation, and the central government shall supply such coins to the bank on demand. ..... 26 of the reserve bank of india act, 1934, cease to be legal tender in payment or on account at any place, section 4 prohibits transfer and receipt of high denomination bank notes providing that save as provided by or under the act, no person shall, after the 16th ..... section 26 provides that the notes shall have the character of legal tender as follows:-- '(1) subject to the provisions of sub-section (2) every bank note shall be legal tender at any place in india in payment or on account for the amount expressed therein and shall be guaranteed by the ..... , from the foregoing provisions it is clear that reserve bank is the sole note issuing authority and has the i obligation to exchange those notes, except when it is relieved of that jobligation under the provision of this act. .....

Bimla Devi Vs. Union of India and Another

Court : Delhi

Reported in : [1985]58CompCas361(Delhi); 1983(4)DRJ236

..... (2) the bank shall, in exchange for currency notes or banknotes of two rupees or upwards, supply currency notes or banknotes of lower value or other coins which are legal tender under the indian coinage act, 1906, in such quantities as may, in the opinion of the bank, be required for circulation; and the central government shall supply such coins to the bank on demand. ..... of the reserve bank at any of the said places or if, by reason of age, infirmity or illness, he is unable to attend thereat, he may forward the high denomination banknotes he desires to exchange together with three copies of the declaration required under section 7 by insured post to the reserve bank at bombay not later than the 24th day of january, 1978, along with a statement explaining reasons for his failure to apply within the time specified ..... by letter dated august 30, 1978, the currency officer of the rbi asked the petitioner to furnish the following information : '(i) information as to when and from what source you obtained possession of the high denomination notes furnished against item 16 of your declaration (extract enclosed) is not satisfactory. ..... it is difficult to believe that no member of the family of the petitioner would have cared to communicate with the petitioner in kathmandu and ask her to come to nagpur immediately specially when the petitioner and her two sons and daughter-in-law were holding, amongst themselves, 80 high denomination notes of rs. .....

Bimladevi Vs. Union of India and anr.

Court : Delhi

Reported in : AIR1983Delhi189

..... bank shall, in exchange for currency notes or bank notes of two rupees or upwards, supply currency notes or bank notes of lower value or other coins which are legal tender under the indian coinage act, 1906, in such quantities as may, in the opinion of the bank, be required for circulation; and the central government shall supply such coins to the bank on demand. ..... of the 16th day of january, 1978, all high denomination bank notes shall, notwithstanding anything contained in section 26 of the reserve bank of india act, 1934, ceases to be legal tender in payment or on account at any place'.the prohibition of transfer and receipt of high denomination notes was provided by section 4 which reads as follows : '4.prohibition of transfer and receipt of high denomination bank notes. ..... is right when he submits that if the currency officer was not satisfied with the correctness of the declaration then the only jurisdiction which he had was to refer the matter under sub-section (5) of section 7 of the demonetisation act to the central ..... whereas under sub-sections (5) and (6) of section 7 such an opportunity would have been afforded to the petitioner on a reference having been made by the currency officer, in the persent case the petitioner got this opportunity when she filed an appeal to the central government against the order of the ..... , however vests in the collector not at the time of making of the award but when the collector takes possession of the same under section 16 of the said act. .....

J.M. D'souza Vs. the Reserve Bank of India

Court : Mumbai

Reported in : AIR1946Bom510; (1946)48BOMLR365

..... (2) the bank shall, in exchange for currency notes or bank notes of five rupees or upwards, supply currency notes or bank notes of lower value or other coins which are legal tender under the indian coinage act, 1906, in such quantities as may, in the opinion of the bank, be required for circulation; and the central government shall supply such coins to the bank on demand. ..... provides:-on the expiry of the 12th day of january 1946, all high denomination bank-notes shall, notwithstanding anything contained in section 26 of the reserve bank of india act, 1934 (act ii of 1934), cease to be legal tender in payment or on account at any place in british india.section 4 says:-save as provided by or under this ordinance, no person shall after the 12th day of january ,1946 transfer to the possession of another person or receive into his possession from another person any high ..... for the appellant contends that these sections deal only with the exchange of notes for rupee coin or notes of other denominations under section 39 of the reserve bank of india act, 1934, and do not affect the bank's obligation to carry out ' the promise to pay ' made in such bank notes when they were issued. ..... munshi referred to the definition of the word ' exchange ' in section 118 of the transfer of property act, which is as follows:-when two persons mutually transfer the ownership of one thing for the ownership of another, neither thing nor both things being money only, the transaction is called an 'exchange .....

Dr. Sudhir Chandra Neogy Vs. Calcutta Tramways Co. Ltd.

Court : Kolkata

Reported in : AIR1960Cal396

..... for the purpose of this application, it is necessary to refer to section 2 of the amending act which introduces section 14 into the main act, namely, the indian coinage act 1906. ..... and also prohibiting them from charging in excess of the legal fares on the basis of the new coins (under the decimal coinage system) 'inasmuch as they are not legal tenders in terms of, sections 14(1), (2) and (3) of the indian coinage (amendment) act 1955, and the relevant notification of the ministry of finance, government of india, and appendix iii and iv of the conversion tables issued by the ministry of finance'. ..... dutt on behalf of the petitioner argues that in giving 7 naye paise for one anna there is violation of the provisions of the indian coinage (amendment) act 1955, which of course would make it a violation of the indian coinage act 1906. ..... reverting back to the provisions of the indian coinage (amendment) act 1955, we find that in sub-section (2) of section 14 of the newly introduced section in the indian coinage act 1906, the conversion rate eomes upto 6 naye paise tor each anna. ..... it appears from the facts stated in the petition and the affidavits that the practice that has been followed by the company is that all fares are calculated in naye paise but when it comes to a person tendering fares in annas, then the company follows a system of 'rounding up of fares', as it has been called, and gives credit for each anna to the extent of 7 naye paise. .....

T.G.M. Aside and Sons Vs. Coffee Board and anr.

Court : Karnataka

Reported in : AIR1969Kant230; AIR1969Mys230

..... by the coffee board was founded on the provisions of sections 3 of the mysore existing laws (construction of references to values) act, 1957, and sections 13 and 14 of the indian coinage act, 1906 (central act 3 of 1906) section 3 of the mysore existing laws act and section 14 of the coinage act, according to the coffee board, directed a substitution for the value expressed in pies in the madras general sales tax act, the value expressed in new coins referred to in sub-section (1) of section 14 of the indian coinage act. ..... coins issued under the authority of this act in any denominations of annas pice and pies shall, to the extent specified in section 13, be a legal tender in payment or on account at the rate of sixteen annas, sixty-four pice or one hundred and ninety two pies, and to hundred new coins referred to in sub section (1) calculated in respect of any such single coin or number of such coins, tendered at one transaction, to the nearest new coin, or where the new coin above and the new coin below are equally near, to the new coin ..... of calculation is clear from the observations of the supreme court which read:--'we are therefore of opinion that what sub-section (3) of section 14 requires is that references to any value expressed in annas, pice and pies will be construed to such value and expressed in new coins which would be absolutely equivalent to the value of the old coins when their value is converted at the rate of 16 annas, 64 pice and 192 pies to 100 naya paise.'13. .....

Saji Khan and anr. Vs. State of Kerala

Court : Kerala

Reported in : 2008CriLJ1689; 2008(1)KLJ331

..... the said definition of 'small coin' under section 2(b) reads as follows: small coin' means any coin of the value of less than one rupees, which is legal tender under the indian coinage act, 1906 (3 of 1906).6. ..... 338/2007 of kottarakkara police station registered for offences punishable under section 3(1)(iii) r/ w section 4 of the small coins (offences) act, 1971, seek to quash annexure a fir and all further proceedings pursuant thereto.2. ..... going by the definition of small coin under section 2(b), while coins of 25 and 50 denominations are attracted by the definition of small coins, coins of one rupee are not covered by the definition. ..... (3) nothing contained in sub-section (1) or sub-section (2) shall apply to the mint.the punishment for the contravention of section 3(1) of the act is provided under section 4 of the act which reads as follows:4. ..... requirements in such circumstances as to indicate that he is having the possession, custody or control of such small coins for the purpose of melting or destroying such small coins.explanation:- for the purpose of determining the reasonable requirements of small 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 ..... when a police party was on patrol duty near the k.s.r.t.c. .....

Phalwant Singh Vs. Jai Narain

Court : Delhi

Reported in : 18(1980)DLT360; 1980RLR558

..... 13 of the indian coinage act, 1906, and in paper currency as ..... no case of waiver either; because the question of refusing the bank draft on any ground other than the ground that it was not a legal tender, did not arise because the registered letter could not be delivered and the addressee did not even know that the cover contained a demand draft ..... discharged, in the absence of a contract to the contrary by payment in legal tender, that is, in the coin of the realm as envisaged in s. ..... the act or to send it by a postal money order because in that case tender is made by the postal agency in the legal tender of ..... it is, thereforee, necessary that payment in cash is made or offered in legal tender, in person, or by money order or through the court, but if there is an express or implied agreement that the liability can as well be discharged by a cheque or a bank draft delivered in person or sent through the postal agency, ..... person or through an agent in legal tender that is cash or bank notes ..... the present petition for eviction on july 20, 1978, on the ground that in spite of the said notice, the tenant failed to pay or tender the arrears within two months of the relief of the said notice and he was thereforee, liable to eviction. ..... the act in view of the proviso to sub-section (2) ..... so, when the notice was served upon the tenant) it was his duty to offer the payment in prevalent currency and in case of his refusal, it was neither proper nor permissible in the absence of an agreement or conduct .....

Shrinivasdas Lakshminarayan Vs. Ramchandra Ramrattandas

Court : Mumbai

Reported in : (1919)21BOMLR788

..... the coinage act, iii of 1906, made gold coins legal tender at the rate of fifteen rupees ..... urged before us on this appeal that the learned judge ought to have bean guided by the dicta of the english judges and not to have extended the law of public policy under section 23 of the indian contract act so as to comprehend all the political policies from time to time of the government in india.34. ..... which the learned judge himself is driven when he falls back in the last part of his judgment on the notifications of june 1917 and august 1918 as indicia of what is contrary to public policy in connection with the gold currency.but if the case is to be decided on the notifications the contracts must be shown to be forbidden by law and would then fall under the first head of s, 23 of the indian contract act and any reference to public policy would ..... financial statement was referred to in the argument of this appeal and i propose to refer to it again as a public document containing an authoritative statement of the financial position of the government in 1918 when the notification of august was issued from which inferences may be drawn as to the policy of the government in issuing it.17. ..... to extend arbitrarily those rules which say that a given contract is void as being against public policy, because if there is one thing which more than another public policy requires it is that contracts when entered into freely and voluntarily shall be held sacred and shall be enforced by courts of justice. .....

Nafis Qazi & Anr. Vs.union of India & Anr.

Court : Delhi

..... it is to be noted that in accordance with the provisions of the coinage act, 2011, the coins are minted and issued by the government of india and are legal tender in payment or on account in terms of section 6.11. ..... the respondents have placed on record the notification dated 21st september, 2010, issued in exercise of power conferred under section 6 of the coinage act, 1906, directing minting of coins of the denomination of rs.5/- and rs.1,000/- to commemorate the w.p. ..... we find that the legislation describes a commemorative coin as well in section 2(b) in the following terms : 2(b) "commemorative coin" means any coin stamped by the government or any other authority empowered by the government in this behalf to commemorate any specific occasion or event and expressed in indian currency. ..... the petitioner has, as prayer b , sought a mandamus to respondent no.2 to formulate a national policy prohibiting the use of religious figures and symbols from being made on any tangible or intangible property of the indian state. ..... direct the respondent no.1 to formulate a national policy whereby figures and symbols of any religion are prohibited from being made on any tangible or intangible property of the indian state. .....