Repealed or not in force · As amended up to 2026-08
4. The
[Price one anna and six pies.]
Preamble.
Short title.
Local extent.
Commencement.
4. The power conferred by the first clause of section three shall be exercisable only when the coins referred to in such notification comply with the following conditions (that is to say)—
in the case of coins of gold, silver or bronze,
(a) their fineness is identical with that for the time being prescribed by law for coins of the Government of India of the same metal;
in the case of coins whether of gold, silver, bronze or copper,
(b) they are identical in weight with some coins of the Government of India of the same metal, which may for the time being be legally coined at any Mint of the Government of India, or bear such relation thereto as is approved by the Governor General in Council;
(c) the devices upon their obverse and reverse differ from the devices on coins now made or issued by any such Native State, and have been approved by the Governor General in Council;
(d) upon each of such coins its value in money of the Government of India is inscribed in the English language;
(g) such State has also agreed that the law and rules for the time being in force respecting the cutting and breaking of coin of the Government of India reduced in weight by reasonable wearing or otherwise, or counterfeit, or called in by proclamation, shall apply to the coins made for such State under this Act, and that it will defray the cost of cutting and breaking them; and
(h) such State has also agreed not to issue the same coins below their nominal value, and not to allow any discount or other advantage to any person in order to bring them into circulation.
Source: India Code