Section 21. (1) ³ [The Central Government may, by notification in the Official Gazette, make rules] to carry out the purposes and objects of this Act

PART V.—CURRENCY, COINAGE AND EXCHANGE cut counterfeit or fraudulently defaced coin and procedure in regard to coin so cut. this section, and such person has reason to believe that the coin is counterfeit ¹ [or has been fraudulently defaced], he shall by himself or another cut or break the coin, and may at his discretion either return the pieces to the tenderer, who shall bear the loss caused by such cutting or breaking, or ² [in the case of silver coin] receive and pay for the coin according to the value of the silver bullion contained in it. SUPPLEMENTAL PROVISIONS Power to make rules. 21. (1) ³ [The Central Government may, by notification in the Official Gazette, make rules] to carry out the purposes and objects of this Act. (2) In particular and without prejudice to the generality of the foregoing power, such rules may— 4 * * * * * * (b) provide for the guidance of persons authorized to cut or break coin under sections 16 and 20; (c) determine the percentage of diminution in weight below standard weight not being less ⁵ [than two per cent. in the case of silver coins or five per cent. in the case of pure nickel coin], which shall be the limit of reasonable wear; (d) prescribe the further percentage referred to in clause (a) of section 17, and the rates at which payments shall be made in the case of coins falling under the same clause; ⁶ * * * ⁶ * * * * * ⁷ [(3) Every rule made under this section shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.] ¹ Ins. by Act 28 of 1947, s. 8. ² Ins. by Act 21 of 1919, s. 6(2). ³ Subs. by Act 47 of 1975, s. 4, for certain words. ⁴ Cl. (a) rep. by Act 28 of 1947, s. 9. ⁵ Subs. by s. 9, ibid., for "in any case than two per cent.". ⁶ The word "and" and cl. (e) rep. by Act 4 of 1927, s. 2. ⁷ Subs. by Act 47 of 1975, s. 4, for sub-section (3). [30-6-78] 10th (R)—Vol. III 12A COINAGE ACT, 1906