Legislative Dictionary - C
Judicial Dictionary
Legislative Dictionary
Coin
| Category | C |
|---|---|
| Title | Coin |
| Details | 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. Bangladesh coin is metal stamped and issued by the authority of the Government in order to be used as money; and metal which has been so stamped and issued shall continue to be Bangladesh coin for the purposes of this Chapter, notÂwithstanding that it may have ceased to be used as money.
Illustrations
(a) Cowries are not coin.
(b) Lumps of unstamped copper, though used as money, are not coin.
(c) Medals are not coin, in as much as they are not intended to be used as money.
(d) The coin denominated as the Company's taka is the Queen's coin.
(e) The Farukhabad taka, which was formerly used as money under the authority of the Government of India, is Bangladesh coin although it is no longer so used.
[See section 230, the Penal Code, 1860 (Act No. XLV of 1860)]. |
| Created On | June 1, 2011, 1:35 PM |
| Hits | 309 |