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Core Purpose

Notification of the Coinage (Issue of Commemorative Coin on the occasion of 2550th Nirvan Mahotsav of Bhagwan Mahaveer) Rules, 2024, prescribing the denomination, dimensions, composition and design of a commemorative Rs. 100 coin, issued under clauses (d) and (e) of sub-section (2) of section 24 of the Coinage Act, 2011.

Detailed Summary

Notification G.S.R. 127(E), dated 23rd February 2024, issued by the Ministry of Finance (Department of Economic Affairs) 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 2550th Nirvan Mahotsav of Bhagwan Mahaveer) Rules, 2024, effective from the date of publication; the rules authorise a One Hundred Rupees denomination coin, circular in shape with a 44 millimetre diameter and 200 serrations, composed of a quaternary alloy of 50 per cent silver, 40 per cent copper, 5 per cent nickel and 5 per cent zinc; the First Schedule specifies the obverse design bearing the Lion Capitol of Ashoka Pillar with the legend and the words "Bharat" and "INDIA", and the reverse design depicting the Nalanda Pawapuri Jal Mandir with inscriptions in Devnagari and English including "BHAGWAN MAHAVEER 2550TH NIRVAN KALYANAK" and the year 2023; the Second Schedule sets the standard weight at 35 grams with a permissible remedy of 1/500th in silver composition and 1/100th in standard weight (34.65 to 35.35 grams); the notification was issued under File No. 02/34/2023-Coin and signed by Aparna Bhatia, Adviser.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-23022024-252326 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 116] NEW DELHI, FRIDAY, FEBRUARY 23, 2024/PHALGUNA 4, 1945 1229 GI/2024 MINISTRY OF FINANCE (Department of Economics Affairs) NOTIFICATION New Delhi, the 23rd February, 2024 G.S.R. 127(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 2550th Nirvan Mahotsav of Bhagwan Mahaveer) 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 rupees denomination shall be coined at the Mint for issue under the authority of the Central Government on the occasion of 2550th Nirvan Mahotsav of Bhagwan Mahaveer. 3. Dimension and composition of coin. - The coin of the above denomination mentioned in rule 2 shall conform to the following dimensions and composition, namely:- +-------------------+-----------------------------------+-------------------+-----------------------------------+ | Denomination | Shape and outside diameter | Number of | Metal composition | | of the coin | (2) | serrations | (4) | | (1) | | (3) | | +===================+===================================+===================+===================================+ | One Hundred Rupees| Circular | 200 | Quaternary Alloy | | | 44 millimetre | | 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 2550th Nirvan Mahotsav of Bhagwan Mahaveer 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 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 "Z" and denominational value "100" in the international numerals below the Lion Capitol. REVERSE: This face of coin shall bear a prominent and detailed image of the Nalanda Pawapuri Jal Mandir which shall be featured at the centre. Below the image of the Jal Mandir, 'पावापुरी निर्वाण भूमि' shall be inscribed. In the left periphery of the coin, the inscription 'भगवान महावीर 2550वाँ निर्वाण कल्याणक' shall be written in Devnagari script and the inscription 'BHAGWAN MAHAVEER 2550TH NIRVAN KALYANAK' in English shall be depicted on the right periphery of the coin. The year "2023" shall be inscribed on the bottom periphery of the coin, flanked with two dots. THE SECOND SCHEDULE [See rule 5] +-------------------+-----------------+-----------------------------------------------------------------------+ | Denomination of | Standard weight | Remedy allowed | | the coin | (2) +-----------------------------------+-----------------------------------+ | (1) | | In composition | In standard weight | | | | (3) | (4) | +===================+=================+===================================+===================================+ | One Hundred Rupees| 35 Grams | 1/500th plus or minus for Silver, | 1/100th plus or minus, that is to | | | | that is to say, the Silver content| say, the weight could vary from | | | | may vary from 498 to 502 per | 34.65 grams to 35.35 grams. | | | | 1000. | | +-------------------+-----------------+-----------------------------------+-----------------------------------+ [F. No. 02/34/2023-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.

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