Section 3
Power to establish and abolish Mints.
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.
The Government may, by notification,--
(a) establish a Mint at any place which may be managed by it or by any other person, which may be authorised for this purpose:
Provided that the Mints established before the commencement of this Act shall be deemed to have been established by the Government under this section:
Provided further that where the Government is of the opinion that it is necessary or expedient in the public interest so to do, it may authorise the minting of coins by any organisation or Government of any foreign country, within or beyond the limits of India and acquire such coins either by way of import or otherwise for issue under its authority;
(b) abolish any Mint.
(a) establish a Mint at any place which may be managed by it or by any other person, which may be authorised for this purpose:
Provided that the Mints established before the commencement of this Act shall be deemed to have been established by the Government under this section:
Provided further that where the Government is of the opinion that it is necessary or expedient in the public interest so to do, it may authorise the minting of coins by any organisation or Government of any foreign country, within or beyond the limits of India and acquire such coins either by way of import or otherwise for issue under its authority;
(b) abolish any Mint.