Coinage Act, 2011
28. Continuance of
existing coins.-
Notwithstanding the
repeal of the enactments and the Ordinance specified in sub-section (1) of
section 27,
a.
all
coins issued under the said enactments; and
b.
Government
of India one rupee note issued under the Currency Ordinance, 1940 (Ord. IV of
1940),which are legal tender immediately before the commencement of the Coinage
Act, 2011 shall be deemed to be the coin and continue to be legal tender in
payment or on account under the corresponding provisions of this Act.