Section 243 · Possession of Indian coin by person who knew it to be counterfeit when he became possessed thereof
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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 1
[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.
The offence at a glance
- Punishment
- up to 7 years, fine (no stated ceiling)
- Cognizable
- Cognizable
- Bailable
- Non-bailable
- Compoundable
- Not compoundable
- Triable by
- Magistrate of the first class
- Cognizable — Police may arrest without a warrant
- Non-bailable — Bail is at the court's discretion
From the First Schedule to the BNSS (the CrPC's, for IPC offences)
In the new law
IPC 243BNS 180
180. Possession of forged or counterfeit coin, Government stamp, currency-notes or bank-notes.
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How this section has changed
The law that applies is the law as it stood on the date of the offence — which is why this timeline matters.
- 1950Substituted
By: the A.O. 1950
The text this replaced
Queen`s coin
The text in force on the date of the offence is the text that applies — a later amendment does not reach back.