Section 489C · Section 489C. Possession of forged or counterfeit currency-notes or bank-notes
1Whoever has in his possession any forged or counterfeit currency-note or bank-note, knowing or having reason to believe the same to be forged or counterfeit and intending to use the same as genuine or that it may be used as genuine, shall be punished with imprisonment of either description for a term which may extend to seven years, or with fine, or with both.]
CLASSIFICATION OF OFFENCE
Punishment-Imprisonment for 7 years, or fine, or both-Cognizable-Bailable-Triable by Court of Session-Non-compoundable.
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1. Added by Act 12 of 1899, sec. 2.
The offence at a glance
- Punishment
- up to 7 years, fine (no stated ceiling)
- Cognizable
- Cognizable
- Bailable
- Bailable
- Compoundable
- Not compoundable
- Triable by
- Court of Session
- Cognizable — Police may arrest without a warrant
- Bailable — Bail is your right — it can be granted at the police station
From the First Schedule to the BNSS (the CrPC's, for IPC offences)
In the new law
IPC 489CBNS 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.
- 1899Inserted
By: Act 12 of 1899, sec. 2
The text in force on the date of the offence is the text that applies — a later amendment does not reach back.