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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 Dec, 2024
By Advocate Chikirsha Mohanty


As per new Indian Criminal law, IPC Section 243 has been replaced with BNS Section 180 with effect from July 1, 2024.
(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.

Table of Contents
  1. IPC 243 in Simple Words
  2. IPC Section 243 related FAQs
Whoever, fraudulently or with intent that fraud may be committed, is in possession of counterfeit coin, which is a counterfeit of Indian coin, having known at the time when he became possessed of it that it was counterfeit, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.



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.


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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



Get the full list of all sections in the Indian Penal Code (IPC) here. Our comprehensive guide offers detailed information and analysis on every IPC Section to enhance your legal knowledge.




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Frequently Asked Questions


What is Section 244 of the IPC?

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