38. Obligations of Government and the Bank in respect of rupee coin.
The 1[Central Government] shall undertake not 2[* * *] to put into circulation any rupees, except through the Bank 3[** *]; and the Bank shall undertake not to dispose of rupee coin otherwise than for the purposes of circulation 4[* * *].
Note:
1. Subs. by the M.O. 1937, for "G.G. in C.".
2. Certain words omitted by Act 55 of 1963, s. 4 (w.e.f. 1-2-1964).
3. The words "and as provided in that section" omitted by Ordinance 4 of 1940, s. 3.
4. Certain words omitted by Act 55 of 1963, s. 4 (w.e.f. 1-2-1964). |