Judgment Search Results Home > Cases Phrase: indian coinage act 1906 section 13 coin when a legal tender Sorted by: recent Page 1 of about 294 results (0.090 seconds)

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. .....

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. .....

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. .....

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 .....

Bhagwandas Ichharam Panchal Vs. Royal Western India Turf Club Limited

Court : Mumbai

Reported in : (1970)72BOMLR764

..... invited my attention to section 13(1)(a) of the indian coinage act, 1906, and to section 26(1) of the reserve bank of india act, 1934, under which payment may be made respectively either in rupee coins or in bank ..... definitions of a bill of exchange and a cheque given in the negotiable instrument act, 1881, and has urged that a cheque is merely a bill of exchange drawn on a banker and that upon such cheque being presented to the banker, the banker would be bound to pay the drawee in tender which is recognised in law as legal tender, namely, in the coin of the land or the bank notes issued by the reserve bank and that ..... and i see no reason why i should not exercise my jurisdiction to determine the questions raised by this originating summons on the summons itself instead of referring the plaintiff to a separate regular suit, particularly when the liability on the part of the defendants to make payment is admitted and the only dispute between the parties is as to the mode of payment, the decision of which depends only upon the construction ..... counsel for the defendants, next expressed surprise why the plaintiff should desire payment by cheque when the law requires a debtor to make payment in cash and under the law the ..... the defendants by their reply dated january 14, 1960 stated that the plaintiff should call at their office when he would be 'paid on his successful jackpot pool tickets for the races held on 1st january 1969, strictly as per our totalizator rules in this behalf', by .....

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. .....

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. .....

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. .....