Indian Penal Code 1860
Section 243 :
Possession of Indian coin by person who knew it to be counterfeit when he became possessed thereof:
(See section 180 (Explanation) of BNS 2023)
Classification of Offence:
Offence: Possession of Indian coin by a person who knew it to be counterfeit when he became possessed thereof.
Punishment :Imprisonment for 7 years and fine.
Cognizable or Non-cognizable :Cognizable
Bailable or Non-bailable :Non-bailable
Compoundable or Non-compoundable : Non-compoundable
By Which Court Triable :Magistrate of the first class.
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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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1. Subs. by the A. O. 1950, for ‘the Queens coin”.
