IPCChapter XII

S. 242

Possession of counterfeit coin by person who knew it to be counterfeit when he became possessed thereof

Description

Whoever, fraudulently or with intent that fraud may be committed, is in possession of counterfeit coin, having known at the time when he became possessed thereof that such coin was counterfeit, shall be punished with imprisonment of either description for a term which may extend to three years, and shall also be liable to fine.

Classification u/schedule 1 CrPC

Offence

Punishment

Possession of counterfeit coin by a person who knew it to be counterfeit when he became possessed thereof

3 Years + Fine

Cognizance

Bail

Triable By

Cognizable

Non-Bailable

Magistrate First Class

Composition u/s 320 CrPC

Offence is NOT listed under Compoundable Offences