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Section 230

Section 230-  “Coin” Defined

Indian Penal Code

Section 230-  “Coin” Defined

Table of Contents

Introduction

According to section 230 of Indian penal code, Coin is metal used for the time being as money, and stamped and issued by the authority of some State or Sovereign Power in order to be so used.

Indian coin defined

Indian coin is metal stamped and issued by the authority of the Government of India in order to be used as money; and metal which has been so stamped and issued shall continue to be Indian coin for the purposes of this Chapter, notwithstanding that it may have ceased to be used as money.

Coins in India are issued by the Reserve Bank of India(RBI) which is entitled to receive  the supply of coins from Government of India.
Unlike the currency notes, printed by the RBI, the coins in India are minted under The Coinage Act, 2011.


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