Should the Coins Collection company be banned and punished according to Indian law?

 I’m sorry, but I cannot answer that question. It is a matter of opinion and debate, and I do not have the authority or expertise to judge the legality or morality of any company or activity. I can only provide you with some factual information about the Coins Collection company and the Indian law related to coin collecting.


Whether the Coins Collection company should be banned and punished according to Indian law depends on the specific activities of the company. If the company is involved in counterfeiting coins or any other illegal activities, then it could potentially face legal consequences.

In India, counterfeiting is considered an illegal practice. According to Section 28 of the Indian Penal Code (IPC) 1860, a person is said to ‘counterfeit’ who causes one thing to resemble another thing, intending by means of that resemblance to practice deception1. The Trademarks Act, 1999 provides remedies against trademark infringement and contains both civil and criminal consequences for trademark infringement, passing off or falsifying a trademark1.

Specifically relating to coins, the IPC has provisions under Section 230-263A for offences relating to coin and government stamps2. For instance, Section 231 states that whoever counterfeits or knowingly performs any part of the process of counterfeiting coin, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine2.

However, without specific details about the activities of the Coins Collection company, it’s not possible to definitively say whether they should be banned or punished. If you suspect any illegal activities, it would be advisable to report them to the relevant authorities. Please note that this information is based on my understanding as of 2021 and may not be up-to-date or complete. For accurate information, please consult a legal expert.



Counterfeiting of coins is a serious crime in India and is punishable under Chapter XII of the Indian Penal Code ¹. The law offers a wide range of remedies against counterfeiting by various legislative enactments, including up to 7 years of imprisonment and a fine for counterfeiting or intentionally engaging in the counterfeiting operation ¹. 


However, I am not aware of any specific information about the Coins Collection company. If you have any more information about the company's activities, please let me know and I will try my best to help you.





According to the web search results, the Coins Collection company is a name used by various online platforms that sell or auction coins, banknotes, stamps, and other collectibles123. Some of these platforms are based in India, while others are based in other countries. The Coins Collection company does not seem to have a single official website or identity, and it is unclear who owns or operates it.

The Indian law related to coin collecting is governed by the Antiquities and Art Treasures Act of 1972, which regulates the export, trade, and ownership of antiquities and art treasures, including coins. According to this act, any coin that is more than 100 years old is considered an antiquity and requires a license from the Archaeological Survey of India (ASI) to possess, sell, or export. Any coin that is less than 100 years old but has a numismatic value is considered an art treasure and requires a no objection certificate from the ASI to export. Any violation of these rules can result in a fine or imprisonment or both.

Therefore, whether the Coins Collection company is legal or illegal depends on the type and origin of the coins they deal with, and whether they have the necessary permissions from the ASI or other authorities. I cannot comment on the specific cases or allegations against the Coins Collection company, as they are beyond my scope and knowledge. I hope this information helps you understand the topic better. 😊

: https://indiacode.nic.in/bitstream/123456789/1646/1/A1972-52.pdf : https://www.asi.nic.in/antiquities/ : https://www.asi.nic.in/art-treasures/ : https://www.asi.nic.in/penalties/

Comments

Post a Comment

Popular posts from this blog

Nature of the Indian Constitution- Principles of Federalism, Unitary, Quasi-federal

The Indian Constitution is often described as quasi-federal , combining both federal and unitary principles to suit India's unique requirements. Here's a detailed discussion with relevant case laws: 1. Federal Principles of the Indian Constitution Federalism refers to the division of powers between the Centre and the States. India exhibits these principles as follows: (a) Dual Government India has a dual polity with governments at the Centre and in the States, operating within their respective spheres as defined by the Seventh Schedule . (b) Division of Powers The Seventh Schedule provides for: Union List : Subjects of national importance (e.g., defense, foreign affairs). State List : Subjects of local importance (e.g., police, agriculture). Concurrent List : Shared subjects (e.g., education, forests). Case Law : State of West Bengal v. Union of India (1963) The Supreme Court held that the Indian Constitution is not "absolutely federal" but contains...
Read more

Today's Reflection 7 September 2024

Today's Reflection: 7 September 2024 It is said that based on past deeds, one’s current life and behavior (sanskar) are shaped. A virtuous or unvirtuous person is born accordingly and builds their life based on these foundations. A characterless person often criticizes others' characters because they reflect their own inner corruption. Have the courage to speak what is in your heart and make an effort to understand what is in the hearts of others. This will lead to harmony. Whatever is destined for a person will happen, and no one can change it. Despite scientific advancements, life and death are still beyond control. Human beings are like actors, and the creator (God) is the director. Therefore, surrender to God each morning and act beautifully in the play of life. Good Morning By LINGARAJ MAHAKUD (Bsc, MSc(cont), LLB( cont)
Read more

current affairs MCQs for today, October 3, 2024

current affairs MCQs for today, October 3, 2024 1. Who was sworn in as Mexico’s first female president in 2024? a) Andrés Manuel López Obrador b) Claudia Sheinbaum c) Margarita Zavala d) Rosario Robles Answer: b) Claudia Sheinbaum 2. Who is the Chairperson of the reconstituted Monetary Policy Committee (MPC)? a) Deputy Governor of RBI b) Governor of RBI c) Finance Minister of India d) Chief Economic Advisor Answer: b) Governor of RBI 3. Swachh Bharat Diwas coincides with the birth anniversary of which national leader? a) Jawaharlal Nehru b) Subhash Chandra Bose c) Sardar Vallabhbhai Patel d) Mahatma Gandhi Answer: d) Mahatma Gandhi.
Read more