Section 1
(1)
This Act may be cited as the Counterfeit Act 1957.
ActIn force
Counterfeit Coin Act 1957
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- Enacted
- 1957
- Sections
- 3
- Languages
- EN · MS
Counterfeit Coin Act 1957 is Malaysia Act, cited as Act 429 1957, currently marked in force and first recorded in 1957.
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ONLINE VERSION
_____________
Act 429
COUNTERFEIT COIN
ACT 1957
As at 1 January 2013
2
First Enacted … … … … … …
1957 (Ord. No. 29 of 1957)
Revised
… … … … … …
1990 (Act 429 w.e.f 31 March 1990)
3
Act 429
Opening note
Preamble
- An Act to provide for the defacement of counterfeit coins. [Peninsular Malaysia─ 15 August 1957; Sabah and Sarawak─ 23 September 1965] Short title and application
Section 2
In this Act, unless the context otherwise requires—
“counterfeit” has the meaning assigned to it by the Penal Code
[Act 574];
“current coin” means any coin made by law a legal tender in
Malaysia.
Coin suspected to be diminished or counterfeit may be cut by any person to whom it is tendered
Section 3
(1)
Where any coin is tendered as current coin to any person who suspects the same to be diminished otherwise than by reasonable wear or to be counterfeit, such person may cut, break, bend or deface such coin.
6 Laws of Malaysia ACT 429
(2)
If any coin so cut, broken, bent or defaced appears to be diminished otherwise than by reasonable wear, or to be counterfeit, the person tendering the same shall bear the loss thereof.
(3)
If the same is of due weight and appears to be lawful coin, the person cutting, breaking, bending or defacing the same shall receive the same at its face value.
(4)
If any dispute arises whether the coin so cut, broken, bent or defaced is diminished in manner aforesaid or counterfeit, it may be heard and finally determined in a summary manner by a Magistrate’s
Court which is hereby empowered to examine upon oath as well the parties as any other person in order to the decision of the dispute.
(5)
Every public officer, to whom in the performance of his duties there is tendered in payment of any part of the revenue of any
Government in Malaysia or presented for inspection or otherwise any coin which appears to be a counterfeit of current coin or to have been unlawfully diminished, shall cut, break or deface or cause to be cut, broken or defaced every such coin.
7
Act 429
LIST OF AMENDMENTS
Amending law
Short Title
In force from
L.N 349/1965
Modification of Laws (Counterfeit Coin)
(Extension of Borneo States) Order 1965 23-09-1965
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8
Act 429
LIST OF SECTIONS AMENDED
Section
Amending authority
In force from
─ NIL ─
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Common questions
- What is Counterfeit Coin Act 1957?
- Counterfeit Coin Act 1957 is Malaysia Act, cited as Act 429 1957, currently marked in force and first recorded in 1957.
- Is Counterfeit Coin Act 1957 still in force?
- Yes — Counterfeit Coin Act 1957 is currently in force.
- When did Counterfeit Coin Act 1957 take effect?
- Counterfeit Coin Act 1957 was first recorded in 1957.
- How many sections does Counterfeit Coin Act 1957 have?
- Counterfeit Coin Act 1957 contains 3 sections.
- Where can I read the official version of Counterfeit Coin Act 1957?
- The official text of Counterfeit Coin Act 1957 is published at lom.agc.gov.my.
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