Judgment Search Results Home > Cases Phrase: indian coinage act 1906 section 13 coin when a legal tender Sorted by: old Page 1 of about 294 results (0.079 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. .....

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. .....

Bireswar Banerji Vs. Emperor

Court : Kolkata

Reported in : AIR1944Cal417

..... have been misled by discovering that under the indian coinage act (act 3 of 1906) a rupee is legal tender. ..... not appear to have observed that under section 26, beserve bank of india act (act 2 of 1934) bank notes which may be of denominational values from rupees five to rupees ten thousand are also legal tender. ..... case against the petitioner under section 21, calcutta tramways act, though he was in error in thinking that his offer of a rupee provided the change was given was a proper payment of the legal fare, we think that in the circumstances of the case it cannot be said that he wished to avoid payment within the meaning of section 21 of the act. ..... rule 921 has been obtained by the petitioner against an order of conviction under section 21, calcutta tramways act (bengal act 1 of 1880) in a case in which the learned presidency magistrate inflicted no substantive sentence, but, as he expressed it, warned and ..... the question whether particular acts or omissions amount to avoidance of payment of the fare within the meaning of this section is a question of fact to be determined on the circumstances ..... fixed for their appearance, 6th august 1943, the petitioner was being tried in another court in the same building in the petty case under section 21, calcutta tramways act. ..... to give change evidently some heat was engendered and eventually both parties found themselves at hastings thana, and the petitioner was challaned for 'non-payment'' of the tram fare under section 21, calcutta tramways 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. .....

Mangalore Ganesh Bedi Works Vs. the State of Mysore and anr.

Court : Supreme Court of India

Reported in : AIR1963SC589; [1963]Supp(1)SCR275; [1963]14STC198(SC)

..... secondly, it was submitted that the indian coinage act, being a central act dealing with 'coinage and legal tender' under item 36 of list i, could not change the rate of tax under the mysore sales tax act. ..... is divided into a hundred naya paisas, the old legal tender of sixteen annas or sixty four pice or one hundred any ninety two pies to a rupee remains legal tender which will be equivalent to one hundred naya paisas and for purposes of calculation and conversion of old coins into new coins, one old coin or a number of such coins have to be calculated to the nearest new coin or coins and where the new coin above and the new coin below are equally near then the calculation ..... coins issued under the authority of this act in any denomination 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 to one 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 ..... 91,690/- but after the amendment of the indian coinage act (act 3 of 1906) by the amending act 31 of 1955 the rate of sales tax which was levied on the appellant's beedis was .02 nps. .....

Amrit Banaspati Co. Ltd. and anr. Vs. State of Uttar Pradesh and ors.

Court : Supreme Court of India

Reported in : AIR1965SC560; 1965(0)BLJR54; [1964]8SCR313; [1965]16STC93(SC)

..... section 13 of the coinage act iii of 1906 (which was substituted by act 28 of 1947 for the original sections 13 and 14) in so far as it is material provides: "(1) the coins issued under the authority of section 6 shall be a legal tender in payment or on account,- (a) in the case of a rupee coin, for any sum; (b) in the case of a half-rupee coin, for any sum not exceeding ten rupees; (c) in the case of any other coin, for any sum not exceeding one rupee: (2) * * *" section 14 which added by act 31 of 1955 provides: "(1) the rupee shall be divided into one hundred units ..... when these two condi- tions are present, those coins would be legal tender in pay- ment or on account at the rate of 16 annas, 64 pice or 192 pies to 100 naye paise which is the new coin referred to in sub-s. (1) of s. 14. ..... in every existing law, all references to any value expressed in annas, pice and pies, shall be construed at references to that value ex- pressed in new coins referred to in subsection (1) of section 14 of the indian coinage act, 1906 (central act iii of 1906), converted thereto at the rate specified in sub-section (2) of section 14 of the said act. ..... 14 requires is that references to any value expressed in annas, pice and pies will be construed to such values ,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 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. .....