Coinage Act : POWER TO CERTAIN PERSONS TO CUT COUNTERFEIT OR FRAUDULENTLY DEFACED COIN AND PROCEDURE IN

Coinage Act,1906

Act No : 3

Section : POWER TO CERTAIN PERSONS TO CUT COUNTERFEIT OR FRAUDULENTLY DEFACED COIN AND PROCEDURE IN REGARD TO COIN SO CUT

SECTION 20: POWER TO CERTAIN PERSONS TO CUT COUNTERFEIT OR FRAUDULENTLY DEFACED COIN AND PROCEDURE IN REGARD TO COIN SO CUT

Where any28[* * *] coin purporting to be coined or issued under the authority of the [Central Government]" is tendered to any person authorised by the29[Central Government]30 [* * .*] to act under this section, and such person has reason to believe that the coin is counterfeit31[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, or32 [in the case of silver coin] receive and pay for the coin according to the value of the silver bullion contained in it.