Section 28
Continuance of existing coins.
About this Act
An Act to consolidate the laws relating to coinage and the Mints, the protection of coinage and to provide for the prohibition of melting or destruction of coins and prohibit the making or the possession thereof for issue and for matters connected therewith or incidental thereto.
Notwithstanding the repeal of the enactments and the
Ordinance specified in sub-section (1) of section 27,--
(a) all coins issued under the said enactments; and
(b) Government of India one rupee note issued under the Currency Ordinance, 1940 (Ord. IV of 1940),
which are legal tender immediately before the commencement of the Coinage Act, 2011 shall be deemed to be the coin and continue to be legal tender in payment or on account under the corresponding provisions of this Act.
(a) all coins issued under the said enactments; and
(b) Government of India one rupee note issued under the Currency Ordinance, 1940 (Ord. IV of 1940),
which are legal tender immediately before the commencement of the Coinage Act, 2011 shall be deemed to be the coin and continue to be legal tender in payment or on account under the corresponding provisions of this Act.