IPC Section 243

Indian Penal Code

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IPCChapter XII

S. 243

Possession of Indian 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, 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.

Classification u/schedule 1 CrPC

Offence

Punishment

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

7 Years + Fine

Cognizance

Bail

Triable By

Cognizable

Non-Bailable

Magistrate First Class

Composition u/s 320 CrPC

Offence is NOT listed under Compoundable Offences

By Raman Devgan
Updated: 31 Oct 2022
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