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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 Feb, 2024
By Advocate Chikirsha Mohanty


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Table of Contents

  1. Description of IPC Section 242
  2. IPC 242 in Simple Words
  3. IPC Section 242 related FAQs

Description of IPC Section 242

According to section 242 of Indian penal code, Whoever, fraudulently or with intent that fraud may be committed, is in possession of counterfeit coin, having known at the time when he became possessed thereof that such coin was counterfeit, shall be punished with imprisonment of either description for a term which may extend to three years, and shall also be liable to fine.



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.

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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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FAQ's on IPC Section 242

What is the IPC 242 law?

Whoever, fraudulently or with intent that fraud may be committed, is in possession of counterfeit coin, having known at the time when he became possessed thereof that such coin was counterfeit, shall be punished with imprisonment of either description for a term which may extend to three years, and shall also be liable ...

What is Section 242 of Hindu law?

According to article 236 of the above mentioned act, property belonging to a joint family is the ordinary managed by the father or the other senior member for the time being of the family, the manager of the joint family is called Karta and according to the article 242 of the abovementioned act, the manager of the ...

What is Section 244 of the IPC?

Whoever, being employed in any mint lawfully established in India, does any act, or omits what he is legally bound to do, with the intention of causing any coin issued from that mint to be of a different weight or composition from the weight or composition fixed by law, shall be punished with imprisonment of either ...

What is Section 252 of IPC?

IPC Section 252 - Possession of coin by person who knew it to be altered when he became possessed thereof