REGISTERED No. D. 221 The Gazette of India EXTRAORDINARY
PART II—Section 1 PUBLISHED BY AUTHORITY No. 23] NEW DELHI, WEDNESDAY, MAY 9,1962/VAISAKHA 19, 1884 MINISTRY OF LAW (Legislative Department) New Delhi, the 9th May, 1962/Vaisakha 19, 1884 (Saka) THE GOA, DAMAN AND DIU (CURRENCY AND COINAGE) REGULATION, 1962 No. 6 OF 1962 Promulgated by the President in the Thirteenth Year of the Republic of India. A Regulation to provide for the demonetisation of the escudo and certain other notes and coins and for the extension of certain Indian laws to the Union territory of Goa, Daman and Diu. In exercise of the powers conferred by article 240 of the Constitution, the President is pleased to promulgate the following Regulation made by him: —
1. This Regulation may be called the Goa, Daman and Diu; (Currency and Coinage) Regulation, 1962. Short title.
2. In this Regulation, unless the context otherwise requires,—
(a) "appointed day" means the 15th day of May, 1962;
(b) "Goa, Daman and Diu" means the Union territory of Goa, Daman and Diu. Definitions.
3. The decree dated the 16th June, 1958 promulgated by the former Portuguese administration in India and any rule, regulation or order made under the said decree shall, as from the appointed day. cease Repeal of certain laws.
( 113 ) 114 THE GAZETTE OF INDIA EXTRAORDINARY LPAHT II—SEC. 1] to have effect except as regards things done or omitted to be done before the said day under that decree or any such rule, regulation or order. Demonetisation of certain notes and coins.
4. All escudo notes and coins issued under the decree referred to ii section 3 and all ether notes and coins issued by or on behalf of the former Portuguese administration in India shall, as from the appointed day, cease to be legal tender in Goa, Daman and Diu or any other part of India. Arrangements In regard to demonetised escudo notes and coins.
5. Notwithstanding anything contained in section 3 or section 4, the Central Government may, during such period commencing on the appointed day as it may deem fit, accept either directly or through any agent any escudo notes or coins tendered for exchange into Indian notes or coins, and may dispose of the notes sfe} coins so tendered and accepted in such manner as it may deem fit. Extension of certain laws to Goa, Daman and Dlu.
6. As from the appointed day, the Indian Coinage Act, 19GG, the Reserve Bank of India Act, 1934 and the Currency Ordinance, 1940 and all rules, regulations, notifications or orders made or issued ihcreunder shall extend to, and shall be in force in, Goa, Daman and Diu. 3 of 1908. 2 of 1934. f)rd. 4 of
1940. Modification in Act 2 of
1934.
7. As from the appointed day, the Reserve Bank of India Act, 1934 fhall be modified as follows: — In the First Schedule to the Act, in paiagraph 1, for the words "and Maharashtra", th? words "Maharashtra and Goa, Daman and Diu'' shall be substituted. Saving. 8. Nothing in this Regulation shall be deemed to prejudice, alter or affect in any manner the right of the Central Government to recover from any person the assets held against the notes or coins referred to in section 4, in so Jar as the said assets have not vested in, or passed to, the Central Government. HAJENDRA PRASAD, President. R. C. S. SAHKAR, Secy, to the Govt, of India. PRINTED IN INDIA BY THE GENERAL MANAGER, GOVT. OP INDIA PRESS, NEW DELHI AND PUBLISHED BY THE MANAGER OP PUBLICATIONS, DELHI, 1962 .