Act Number: 11

Act Name: The Coinage Act, 2011

Year: 2011

Enactment Date: 2011-09-01

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Economic Affairs

Section 14: Prohibition and penalty for unlawful making, issue or possession of pieces of metal to be used as money.
    (1) No person shall--
         (a) make or issue or attempt to issue any metal piece except as provided under section 4 for the purpose of coin;
         (b) possess, custody or control of any metal piece with the intent to issue the piece for use as money for a medium of exchange.
     (2) Whoever contravenes the provisions of sub-section (1) shall be punishable with imprisonment which may extend to one year or with fine or with both:
     Provided that if any person convicted under this section is again convicted, he shall be punishable with imprisonment which may extend to three years or with fine or with both.
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