RBI to issue 12 edged polygon shaped twenty rupees coin along with circular coins of one, two, five & ten. Read
RBI vide notification G.S.R. 184(E) dated 06.03.2019 has notified the Coinage of One Rupee, Two Rupees, Five Rupees, Ten Rupees and Twenty Rupees Rules, 2019
The notification authorises minting of the 12 edged polygon coin of twenty rupees along with of circular coins of One Rupee, Two Rupees, Five Rupees and Ten Rupees.
Dimension and Composition of Coins.-
The Twenty rupee coin shall conform to the following dimensions and composition:-
| Denomination | Shape & outside diameter |
Number of serrations |
Metal composition |
| Twenty | 12 Edged (Polygon) 27 mm |
Nil | OUTER RING Nickel Silver Copper: 65% Zinc: 15% Nickel: 20% CENTRE PIECE Nickel Brass Copper: 75% Zinc: 20% Nickel: 05% |
OBVERSE:
The face of the coin shall bear the Lion Capitol of Ashoka Pillar with the legend “सत्यमेव जयते”inscribed below, flanked on the left periphery with the word “भारत” in Hindi and on the right periphery with the word “INDIA” in English.
REVERSE:
The face of the coin shall bear denominational value “20” in the international numerals. The Rupee symbol “₹” shall be shown above the denominational value. The design of grains depicting the agricultural dominance of the country is flanked on the left periphery of the coin. The top right and bottom right peripheries shall bear the word “बीस रुपये“ in Hindi and “TWENTY RUPEES” in English.
The year of minting in international numerals shall be shown on centre of left periphery of the coin.
In abated search assessments u/s 153A, AO’s investigative powers are wide and are not restricted to "incriminating material” only –…
Supreme Court declines to entertain SLP due to constitution of the GST Appellate Tribunal In a recent judgment, Hon'ble Supreme…
After notice u/s 143(2) is issued in scrutiny proceedings, summary processing u/s 143(1) is not permissible - ITAT In a…
Assessment Order without digital or manual signature is non-est and illegal In a recent judgment, Delhi ITAT has held that…
Once assessee filed ITR, in response to the notice u/s 148 of the Act, even beyond time prescribed, Assessing Officer…
Petitioner was not disqualified in tender for submitting EMD by way of Fixed Deposit in place of Demand Draft -…