Indian Penal Code, 1860
Possession of Indian coin by person who knew it to be counterfeit when he became possessed thereof.—
Section
243
Punishment
Imprisonment up to Seven Year(s) + Fine
Cognizable
Cognizable
Bailable
Non-bailable
Compoundable
Non-Compoundable (Refer to CrPC 320 for exceptions)
Trial Court
Court of Session
Bare Act Text
243. Possession of Indian coin by person who knew it to be counterfeit when he became possessed thereof.—
Whoever, fraudulently or with intent that fraud may be committed, is in possession of counterfeit coin, which is a counterfeit of Indian coin, having known at the time when he became possessed of it that it was counterfeit, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.
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