Indian Penal Code, 1860

Possession of instrument, or material for the purpose of using the same for counterfeiting coin.—

Section

235

Punishment

Imprisonment up to Three Year(s) + Fine

Cognizable

Cognizable

Bailable

Non-bailable

Compoundable

Non-Compoundable (Refer to CrPC 320 for exceptions)

Trial Court

Magistrate First Class

Bare Act Text

235. Possession of instrument, or material for the purpose of using the same for counterfeiting coin.— Whoever is in possession of any instrument or material, for the purpose of using the same for counterfeiting coin, or knowing or having reason to believe that the same is intended to be used for that purpose, shall be punished with imprisonment of either description for a term which may extend to three years, and shall also be liable to fine;if Indian coin.— and if the coin to be counterfeited is 1Indian coin, shall be punished with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.
According to the official bare act, this legal offense is defined as: 235. Possession of instrument, or material for the purpose of using the same for counterfeiting coin.— Whoever is in possession of any instrument or material, for the purpose of using the same for counterfeiting coin, or knowing or having reason to believe that the same is intended to be used for that purpose, shall be punished with imprisonment of either description for a term which may extend to three years, and shall also be liable to fine;if Indian coin.— and if the coin to be counterfeited is 1Indian coin, shall be punished with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.
The punishment for this specific offense is outlined under the law as: Imprisonment up to Three Year(s) + Fine
Under the Indian Penal Code, this specific offense is classified as a Non-bailable offense.
The legal status regarding police arrest without a warrant is that this offense isCognizable.
Cases pertaining to this specific IPC section are triable by the Magistrate First Class.
The compoundable nature of this offense, meaning whether the parties can settle it out of court, is classified as: Non-Compoundable (Refer to CrPC 320 for exceptions).

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