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Core Purpose

Notification making the Coinage (Issue of Commemorative Coin on the occasion of completion of 150 years of Bombay Stock Exchange) Rules, 2024, prescribing the denomination, design and composition of a Rs. 150 commemorative coin.

Detailed Summary

The Department of Economic Affairs, Ministry of Finance, by notification G.S.R. 382(E) dated 11th July 2024, exercising powers under clauses (d) and (e) of sub-section (2) of section 24 of the Coinage Act, 2011 (11 of 2011), makes the Coinage (Issue of Commemorative Coin on the occasion of completion of 150 years of Bombay Stock Exchange) Rules, 2024, authorising a Rs. 150 denomination coin to be coined at the Mint to mark the 150th anniversary of the Bombay Stock Exchange. The coin is prescribed as circular with a 44 millimetre diameter, 200 serrations, a quaternary alloy composition of 50 per cent silver, 40 per cent copper, 5 per cent nickel and 5 per cent zinc, and a standard weight of 35 grams with a remedy allowance of plus or minus 1/500th in silver content and plus or minus 1/100th in weight (34.65 to 35.35 grams). The First Schedule specifies the design: the obverse bears the Lion Capitol of the Ashoka Pillar with the legend 'Satyameva Jayate', the word 'Bharat' in Devanagari, 'INDIA' in English, the Rupee symbol and the value '150'; the reverse bears the Bombay Stock Exchange 150-year celebration logo with a Devanagari inscription and the English inscription 'EMPOWERING INVESTORS SINCE 1875', plus the year '2024'. The notification is issued under file number 02/05/2024-Coin and signed by Aparna Bhatia, Adviser.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-11072024-255348 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 354] NEW DELHI, THURSDAY, JULY 11, 2024/ASHADHA 20, 1946 MINISTRY OF FINANCE (Department of Economics Affairs) NOTIFICATION New Delhi, the 11th July, 2024 G.S.R. 382(E). —In exercise of the powers conferred by clauses (d) and (e) of sub-section (2) of section 24 of the Coinage Act, 2011(11 of 2011), the Central Government hereby makes the following rules, namely:- 1. Short title and commencement.- (1) These rules may be called the Coinage (Issue of Commemorative Coin on the occasion of completion of 150 years of Bombay Stock Exchange) Rules, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Denomination of coin.- The coin of One hundred fifty Rupees denomination shall only be coined at the Mint for issue under the authority of the Central Government on the occasion of completion of 150 years of Bombay Stock Exchange. 3. Dimension and composition of coin.- The denomination of the coin mentioned in rule 2 shall conform to the following dimensions and composition, namely: - +-------------------+----------------------------+----------------------+--------------------------+ | Denomination | Shape and outside diameter | Number of serrations | Metal composition | | of the coin | | | | +===================+============================+======================+==========================+ | (1) | (2) | (3) | (4) | +-------------------+----------------------------+----------------------+--------------------------+ | One hundred fifty | Circular | 200 | Quaternary Alloy | | Rupees | 44 millimeter | | Silver - 50 per cent. | | | | | Copper - 40 per cent. | | | | | Nickel - 05 per cent. | | | | | Zinc - 05 per cent. | +-------------------+----------------------------+----------------------+--------------------------+ 4. Design.- The design of the coin shall be as specified in the First Schedule to these rules. 5. Standard weight and remedy allowed.- The standard weight of the coin of denomination referred in rule 2 shall be coined to commemorate the occasion of completion of 150 years of Bombay Stock Exchange and the remedy allowed in making of such coin shall be as specified in the Second Schedule to these rules. THE FIRST SCHEDULE [See rule 4] ONE HUNDRED FIFTY RUPEES OBVERSE: This face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend "सत्यमेव जयते" inscribed below, flanked on the left periphery with the word "भारत" in Devnagari script and on the right periphery with the word "INDIA" in English. It shall also bear the Rupee symbol "₹" and denominational value "150" in the international numerals below the Lion Capitol. REVERSE: This face of the coin shall bear the logo of 150 year celebration of the Bombay Stock Exchange. The inscription "1875 से निवेशकों को समर्थ बनाते हुए" in Devanagari script shall be written on the upper periphery of the coin and the inscription "EMPOWERING INVESTORS SINCE 1875" in English is depicted on the lower periphery of the coin. The year "2024" in international numerals shall be written below the logo. THE SECOND SCHEDULE [See rule 5] +-------------------+----------------+---------------------------------------------------+--------------------------------------------------+ | Denomination of | Standard weight| Remedy allowed | | the coin | +---------------------------------------------------+--------------------------------------------------+ | | | In composition | In standard weight | +===================+================+===================================================+==================================================+ | (1) | (2) | (3) | (4) | +-------------------+----------------+---------------------------------------------------+--------------------------------------------------+ | One hundred fifty | 35 Grams | 1/500th plus or minus for Silver, | 1/100th plus or minus, that is to | | Rupees | | that is to say the Silver content | say weight could be 34.65 | | | | may vary from 498 to 502 per | grams to 35.35 grams. | | | | 1000. | | +-------------------+----------------+---------------------------------------------------+--------------------------------------------------+ [F.No.02/05/2024- Coin] APARNA BHATIA, Adviser Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. SARVESH KUMAR Digitally signed by SARVESH KUMAR SRIVASTAVA SRIVASTAVA Date: 2024.07.11 22:27:35 +05'30'

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