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SECTION 242 IPC - Indian Penal Code - Possession of counterfeit coin by person who knew it to be counterfeit when he became possessed thereof
Last Updated: 01 Dec, 2024
By Advocate Chikirsha Mohanty
(Six sections of IPC have been covered in this single section of BNS. Thus, in a single stroke, the number of sections and offences has been reduced by five. and 'not constitute an offence' is added.)
Please refer to BNS 180 for updated procedures & punishments.
IPC 242 in Simple Words
In simple words, Section 242 of the Indian Penal Code states that if someone knowingly possesses a counterfeit coin with the intention to commit fraud, they can be imprisoned for up to three years and fined.
| Offence | Punishment | Cognizance | Bail | Triable |
|---|---|---|---|---|
| Possession of counterfeit coin by a person who knew it to be counterfeit when he became possessed thereof | 3 Years + Fine | Cognizable | Non-Bailable | Magistrate First Class |
Offence : Possession of counterfeit coin by a person who knew it to be counterfeit when he became possessed thereof
Punishment : 3 Years + Fine
Cognizance : Cognizable
Bail : Non-Bailable
Triable : Magistrate First Class
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Frequently Asked Questions
What is the IPC 242 law?
Anyone who, with the intent to commit fraud, has counterfeit coins in his possession, knowing that they are counterfeit at the time of their acquisition, will be punished by imprisonment for up to three years.
What is Section 242 of Hindu law?
The article 236 of this act states that the property of a joint-family is managed in the usual by the father, or other senior family member, for the moment. This manager is known as Karta. According to the article 242 (above mentioned act), the manager is called the...
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...
What is Section 252 of IPC?
IPC Section 252: Possession of a coin by a person who was aware that it had been altered at the time he acquired it
