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Core Purpose

Notification by the Ministry of Finance promulgating the Coinage (Issue of Commemorative Coin on the occasion of Centenary Year of Kaivalyadhama) Rules, 2023 under the Coinage Act, 2011, specifying design and specifications for a one-hundred-rupee commemorative coin.

Detailed Summary

The Ministry of Finance, Department of Economic Affairs, notification G.S.R. 699(E) dated 27th September 2023, issued under clauses (d) and (e) of sub-section (2) of Section 24 of the Coinage Act, 2011 (11 of 2011), promulgates the Coinage (Issue of Commemorative Coin on the occasion of Centenary Year of Kaivalyadhama) Rules, 2023, effective from the date of publication. The rules authorize a one-hundred-rupee denomination coin to be coined at the Mint to commemorate the Centenary Year of Kaivalyadhama, specifying a circular shape of 44 millimetres diameter, 200 serrations, and a Quaternary Alloy composition of 50% silver, 40% copper, 5% nickel, and 5% zinc, with a standard weight of 35 grams (remedy allowed: silver content 498-502 per 1000; weight 34.65-35.35 grams). The First Schedule describes the coin's design: the obverse bears the Lion Capitol of the Ashoka Pillar with the legend 'Satyameva Jayate,' 'Bharat' in Devanagari, 'INDIA' in English, the Rupee symbol, and the denomination '100'; the reverse bears the Kaivalyadhama logo and inscriptions in Devanagari and English reading 'Centenary Year of Kaivalyadhama,' along with the years '1924' and '2024.' The notification (F. No. 02/03/2023-Coin) is signed by Aparna Bhatia, Adviser.

Full Text

EXTRAORDINARY PART II —Section 3 —Sub-section ( i) PUBLISHED BY AUTHORITY (1) (2) (3) (4) No. 555] NEW DELH I, WEDNESDAY , SEPTEMBER 27, 2023/ ASVINA 5, 1945 CG-DL-E-27092023-249040 (1) (2) (3) (4) MINISTRY OF FINANCE (Department of Economics Affairs) NOTIFICATION New Delhi, the 27th September, 2023 G.S.R. 69 9(E).-- In exercise of the powers conferred by clauses (d) and (e) of sub -section (2) of section 24 of the Coinage Act, 20 11(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 Commemo rative Coin on the occasion of Centenary Year of Kaivalyadhama ) Rules, 2023. (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 o ccasion of “Centenary Year of Kaivalyadhama” . 3. Dimension and composition of coin .- The coin of the denomination referred to in rule 2 shall conform to the following dimensions and composition, namely: - Denomination of coin Shape and outside diameter Number of serrations Metal composition (1) (2) (3) (4) One hundred rupees Circular 44 millimeters 200 Quaternary Alloy 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 sp ecified in the First Schedule to these rules. 5. Standard weight and remedy allowed .- The standard weight of the coin of above denomination coined to commemorate the occasion of Centenary Year of Kaivalyadhama 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 center with the legend “सत्यमेि ियते” 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 “ 100” in the international numerals below the Lion Capitol. REVERSE: This face of the coin shall bear the image of the logo of Kaivalyadhama in the center of the coin. The inscription “क ै िल्यधाम का िताब्िी िर्ि” in devnagari script shall be written on the upper periphery on the coin and the inscription “CENTENARY YEAR OF KAIVALYADHAMA” in English shall be written on t he lower periphery on the coin. The year "1924” and “2024” in international numerals shall be flanked respectively on left middle and right middle periphery of the coin. The Second Schedule (See rule 5) Denomination of the coin Standard weight Remedy allowed In composition In standard weight (1) (2) (3) (4) One hundred rupees 35 Grams 1/500th plus or minus for Silver, that is to say, the Silver content may vary from 498 to 502 per 1000. 1/100th plus or minus, that is to say, the weight could vary from 34.65 grams to 35.35 grams. [F. No. 02/03/2023 -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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