Initially,Mumbai mint was under the administrative control of government of Bombay. In 1876, Mumbai mint was transferred to the Government of India by finance Department Resolution NO 247, dated 18.05.1876 . Till 1893, the operation of Indian mints was regulated by Coinage Acts of XVII 1835, XIII of 1862 and XXIII of 1870. Under the new Indian Coinage Act 1906, as amended from time to time, a coin can be minted upto a denomination of Rs. one thousand. |