SECTION 240 IPC - Indian Penal Code - Delivery of Indian coin, possessed with knowledge that it is counterfeit

Last Updated: 01 Apr, 2024
By Advocate Chikirsha Mohanty

Table of Contents

  1. IPC 240 in Simple Words
  2. IPC Section 240 related FAQs
Whoever having any counterfeit coin, which is a counterfeit of Indian coin, and which, at the time when he became possessed of it, he knew to be a counterfeit of Indian coin, fraudulently or with intent that fraud may be committed, delivers the same to any person, or attempts to induce any person to receive it, shall be punished with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.

IPC 240 in Simple Words

In simple words, Section 240 of the Indian Penal Code states that if someone knowingly possesses a counterfeit Indian coin and with the intent to commit fraud, gives or tries to persuade someone else to accept it, they can be imprisoned for up to ten years and fined.

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Offence : Same with respect to Indian coin

Punishment : 10 Years + Fine

Cognizance : Cognizable

Bail : Non-Bailable

Triable : Court of Session

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Frequently Asked Questions

What is Section 240 of IPC?

Anyone who, having a counterfeit coin that is a fake of Indian coins, and at the time he acquired it, knew it was a fake of Indian coins, fraudulently or with the intent to commit fraud, gives it to anyone, or tries to get someone to accept it, will be punished.

What is Section 241 of the IPC?

If you are caught attempting to pass off counterfeit coins as genuine or delivering them to someone else as genuine but knowing they were counterfeit, and did not know it at the time of taking possession of them, then you will be sentenced to imprisonment for either a year or a lifetime.

What is Section 244 of the IPC?

Anyone employed by a mint legally established in India who does anything, or fails to do what they are legally required to, with the intent to cause any coin issued to be of a weight or composition different from the weight and composition set forth in law shall be punished either with imprisonment or with a fine.

What is Section 250 of the Indian Penal Code?

Anyone who, knowing that the criminal offence as defined in section 246 or 248 was committed in relation to the coin, or that the fraud or intent to commit fraud had been committed in relation to the coin, gives such...