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SECTION 243 IPC - Indian Penal Code - Possession of Indian coin by person who knew it to be counterfeit when he became possessed thereof
Last Updated: 01 Apr, 2024
By Advocate Chikirsha Mohanty
Table of Contents
IPC 243 in Simple Words
In simple words, Section 243 of the Indian Penal Code states that if someone knowingly possesses a counterfeit Indian coin with the intention to commit fraud, they can be imprisoned for up to seven years and fined.
| Offence | Punishment | Cognizance | Bail | Triable |
|---|---|---|---|---|
| Possession of Indian coin by a person who knew it to be counterfeit when he became possessed thereof | 7 Years + Fine | Cognizable | Non-Bailable | Magistrate First Class |
Offence : Possession of Indian coin by a person who knew it to be counterfeit when he became possessed thereof
Punishment : 7 Years + Fine
Cognizance : Cognizable
Bail : Non-Bailable
Triable : Magistrate First Class
Anyone who, with the intent to commit fraud, has counterfeit Indian coins in their possession, knowing that they are counterfeits, will be punished by imprisonment for up to seven years.
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