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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